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Climate change, costly disasters sent Texas homeowner insurance rates skyrocketing this year
(www.texastribune.org)
this post was submitted on 30 Nov 2023
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this is also a recurring theme in Florida, where pretty much the entire insurance market is being propped up artificially by state intervention. it doesn't seem to be as bad in Texas yet, but we're quickly coming up on a period in time where hard decisions are going to have to be made about what can be covered and what in effect has to be written off.