RedRockCatalyst
Member
Because of the increase in natural disasters, insurance companies are bailing on homeowners. Some companies are pulling out of "weather challenged" states, altogether, meaning they will not write new homeowners policies and may not renew contracts with current policyholders. Others are simply refusing to pay for claims, even though policy holders have paid their premiums.
http://news.yahoo.com/insurers-rethink-coverage-weather-disaster-payouts-124608977.html
http://news.yahoo.com/insurers-rethink-coverage-weather-disaster-payouts-124608977.html