this post was submitted on 16 Jan 2025
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Homeowners in places most exposed to climate disasters are increasingly giving up on paying their insurance premiums, leaving them exposed to financial ruin, according to sweeping new government data.

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[–] RestrictedAccount@lemmy.world 36 points 1 day ago (1 children)

About a decade ago, North Carolina made it illegal to use 100 year forecasts in government documents.

How’s that working out

https://www.sciencealert.com/you-can-t-outlaw-hurricanes-how-north-carolina-turned-its-back-climate-change-bill-hb-819-nc-20-florence

[–] scottmeme@sh.itjust.works 5 points 1 day ago (1 children)

Did you ask chatgpt to find that link for you?

[–] RestrictedAccount@lemmy.world 3 points 20 hours ago (1 children)

I did use ChatGPT as a search engine to get a link so people wouldn’t have to look it up.

It there a problem with that?

[–] criss_cross@lemmy.world 3 points 18 hours ago (1 children)

I think he was curious why the utm_source was chatgpt

[–] scottmeme@sh.itjust.works 2 points 14 hours ago

You are correct

[–] gedaliyah@lemmy.world 19 points 1 day ago (2 children)

Hey, look! Everything is great in Texas!

Right?

You know what, no one correct me. It's embarassing enough living here.

[–] prole@lemmy.blahaj.zone 5 points 1 day ago

Statistics are socialist.

[–] _stranger_@lemmy.world 2 points 1 day ago

🎵🎸🐄🛻🎵

Ain't no day duh, for Texas

No info for ol San Antone

Dallas is offline and Austin's all AFK

[–] JoMiran@lemmy.ml 25 points 1 day ago (1 children)

If you were wondering.

No data for Texas. Only partial information was available for seven other states.

[–] Know_not_Scotty_does@lemmy.world 14 points 1 day ago (3 children)

I can tell you our homeowners insurance went up by $120/month near Houston. Never flooded, never froze, never had wind damage, never had a claim. Our house is under 2000sqft and inland.

[–] silence7@slrpnk.net 11 points 1 day ago

Houston has significant hurricane risk, whether or not you've actually had a problem.

[–] halcyoncmdr@lemmy.world 7 points 1 day ago (1 children)

Didn't Houston have historic massive flooding from Hurricane Beryl? And insurance companies are still fighting and having to pay out for Hurricane Harvey back in 2017.

Your house is only one data point, and not the largest part of the calculation. Your neighborhood, county, and city infrastructure have a lot more to do with your insurance than your specific home. And the Houston area has a terrible track record with flooding.

No doubt, and I know the cost is distributed across the entire pool. I just mention it as a reference point.

Our neighborhood is older homes on higher elevation vs a significant percentage of newer developments that are in the flood plain (since that is the remaining land around here) Realistically, the insurance companies and developers share some blame in this because if you don't build houses in the higher risk areas, you are less likely to have to pay out significant claims on something. But, money upfront is all these people are going for.

[–] Zetta@mander.xyz 2 points 1 day ago

Sorry g, my home owners only went up by $20 this year. Glad I live somewhere without any real natural disasters

[–] SuiXi3D@fedia.io 11 points 1 day ago (2 children)

Well yeah, everything’s expensive as hell. If anyone believed were looking at anything other than the second Great Depression, they’ve got another thing coming.

[–] QuarterSwede@lemmy.world 7 points 1 day ago

Yep. My regular ass deodorant was $8 damn dollars today. This isn’t fancy stuff folks. Basic ass deodorant is $8 in the grocery store. Like … WTF!?

[–] Maggoty@lemmy.world 4 points 1 day ago* (last edited 1 day ago)

It's really starting to look like we didn't land a recovery. We just put a temporary plug in the hole and called the job done.

[–] tisktisk@piefed.social 2 points 1 day ago (1 children)

I'm conflicted. Do I leave them or join them here? (Continue or halt my insurance payments I mean)
If I leave them I'm safely broke forever, If I join them well go broke together right?

[–] Korhaka@sopuli.xyz 2 points 1 day ago (1 children)

Just accept that if your house burns down you now live in a tent on the same property. Until the local government evict you from your land for living on it in an unauthorized structure.

Or how ever your government does it there anyway, they don't like it when people live cheaply and come up with bullshit excuses to justify it.

[–] tisktisk@piefed.social 2 points 20 hours ago

Livin cheap = less $$$ absorbed by taxes = angry alphabet bois

Also welcome to lemmy comrade!

[–] aeronmelon@lemmy.world 1 points 1 day ago

South Carolina 🫡