"Rising Costs and Climate Threats Leave Homeowners Without Insurance"

Rising home insurance costs and policy cancellations, driven by climate change and increasing natural disasters, are leaving more homeowners without coverage. This trend is particularly affecting those in disaster-prone areas like California, where insurers like State Farm are pulling out, leaving residents with few and expensive alternatives. The issue is exacerbated by regulatory constraints and the rising cost of reinsurance, making it difficult for homeowners to find affordable policies.