"Insurance Crisis: Thousands of Homeowners in 9 States Face Housing Insecurity"

American National Group plans to stop offering homeowners insurance in nine states due to declining profitability caused by increased frequency and severity of weather events and inflationary pressures. This decision reflects a trend among major insurance firms like Allstate, Farmers, and State Farm, who have also ceased providing homeowners insurance in certain states due to similar reasons. Homeowners across the country are experiencing soaring insurance costs due to unpredictable weather patterns, leading to increased claims and higher premiums, with experts predicting further rate hikes in the coming years as insurers become more selective in who they insure and adapt to climate change.