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Originally Posted by Mr. V
Please do not post links that are behind a pay wall ... very frustration for those of us who haven't subscribed to NYT.
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Sorry, I thought everyone got a few free articles/month. If you Google weather impact on home insurance claims, I expect you'll get plenty.
The gist of the article is that the extreme weather of the past few years has led to big increases in claims, driving up rates, and causing many insurers to exit certain states. This is in addition to sea level rise. NH is one of the few states that appear consistently profitable for home insurance.
Although the article did not go into detail on long term economic impacts, it's easy to see this being catastrophic for the economy as a whole, or at lest in certain geographies. If a person cannot insure their home, that sort of means that cannot afford to live in it...