At least five large U.S. property insurers — including Allstate, American Family, Nationwide, Erie Insurance Group and Berkshire Hathaway — have told regulators that extreme weather patterns caused by climate change have led them to stop writing coverages in some regions, exclude protections from various weather events and raise monthly premiums and deductibles.
Major insurers say they will cut out damage caused by hurricanes, wind and hail from policies underwriting property along coastlines and in wildfire country, according to a voluntary survey conducted by the National Association of Insurance Commissioners, a group of state officials that regulates rates and policy forms.
U.S. insurers have disbursed $295.8 billion in natural disaster claims over the past three years, according to international risk management firm Aon. That’s a record for a three-year period, according to the American Property Casualty Insurance Association.
LOL.....I knew it would not be long before insurance companies would use the excuse of "climate change" to deny coverage....You dems happy now? Your grift scheme has caught-up with you.
Yep, CC's the new lawyer catch-all escape clause.
”See your honor, since the storm was the result of ‘climate change’ and the plaintiff drives an SUV, it’s essentially negligence on the part of the plaintiff and therefore self inflicted.”
And you know what?
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