Why Americans Are Suddenly Losing Their Home Insurance
Many homeowners in the U.S. are losing their home insurance policies. Major insurers like State Farm and Allstate are no longer offering new policies in California. State Farm attributes this to increased wildfire risk, inflation and other challenges in the region. Louisianan and Floridian homeowners are facing similar issues due to flood risk. Watch the video to learn more about why homeowners are receiving non-renewal notices and what that means for the U.S. real estate market.
Chapters:
0:00 Introduction
1:47 Chapter 1: The insurance market
5:03 Chapter 2: Alternate options
9:14 Chapter 3: Pricing in climate risk
Produced and Edited by: Lindsey Jacobson
Additional Camera by: Juhohn Lee
Animation: Jason Reginato, Andrea Schmitz
Additional Footage: Getty Images, Darlene Tucker
Additional Sources: State Farm, U.S. News & World Report, Insurance Information Institute, U.S. Bureau of Labor Statistics
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Why Americans Are Suddenly Losing Their Home Insurance
Видео Why Americans Are Suddenly Losing Their Home Insurance канала CNBC
Chapters:
0:00 Introduction
1:47 Chapter 1: The insurance market
5:03 Chapter 2: Alternate options
9:14 Chapter 3: Pricing in climate risk
Produced and Edited by: Lindsey Jacobson
Additional Camera by: Juhohn Lee
Animation: Jason Reginato, Andrea Schmitz
Additional Footage: Getty Images, Darlene Tucker
Additional Sources: State Farm, U.S. News & World Report, Insurance Information Institute, U.S. Bureau of Labor Statistics
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to land your dream job in 2024? Take CNBC’s new online course How to Ace Your Job Interview and save 50% with discount code EARLYBIRD: https://cnb.cx/3TSmIfX
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on X: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
#cnbc
Why Americans Are Suddenly Losing Their Home Insurance
Видео Why Americans Are Suddenly Losing Their Home Insurance канала CNBC
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