"Rising Costs: Homeowners Struggle as Insurance Market Crumbles"

The home insurance market is in turmoil, with homeowners across the US facing limited coverage options and soaring premiums due to climate change, increased severe weather events, and rising costs for insurers. Many homeowners are experiencing significant premium increases or having their policies canceled, forcing them to seek coverage from state-supported insurers of last resort at much higher costs. The situation is particularly dire for those living in high-risk areas, with some insurers ceasing to issue policies altogether. As a result, some homeowners are struggling to afford insurance and are being driven to forgo coverage, raising concerns about the growing number of uninsured homes and the need for stronger oversight and climate change adaptation measures.