This article discusses the looming insurance company crisis caused by climate change-driven wildfires in California. homeowners are getting non-renewal notices from insurance companies, as they attempt to stem their financial losses. This is just going to get worse.
Tag: insurance
OPINION: Your insurance policy’s fine print, and fracking
I read this: damage resulting from “earth movement” has been excluded from my policy and “earth movement includes movement resulting from natural resource extraction activities, excavation, or pressure by surface or subsurface earth or fill.” Translation: My insurance doesn’t cover damage from fracking.
http://www.mydaytondailynews.com/news/opinion/opinion-your-insurance-policy-fine-print-and-fracking/6fRyfpvjw4mp1caBNXnJ6H/
Insurers shun risk as oil-linked quakes soar in Oklahoma
As the number of earthquakes in Oklahoma exploded into the hundreds in the last few years, nearly a dozen insurance companies moved to limit their exposure, often at the expense of homeowners, a Reuters examination has found. Reuters. May 13 2016
http://www.reuters.com/article/us-usa-oklahoma-earthquakes-idUSKCN0Y30DC