mstdn.social is one of the many independent Mastodon servers you can use to participate in the fediverse.
A general-purpose Mastodon server with a 500 character limit. All languages are welcome.

Administered by:

Server stats:

13K
active users

#uninsurable

3 posts2 participants0 posts today
Continued thread

""There's lots of people being told that we won't cover you for flood, if you want flood cover it's going to be $20,000.

"Now in my view that is not a serious offer, that is code for 'you're #uninsurable'."

Analysts expect banks will start turning down #mortgages in high-risk areas."

abc.net.au/news/2025-01-15/ins
#HomeInsurance

ABC News · One in 10 homes could become uninsurable by 2035, analyst warnsBy Olivia Sanders
Continued thread

The next #mortgage crisis is brought by #ClimateChange

"Properties become increasingly expensive to insure and then they become #uninsurable.

And once they become uninsurable, they become unmortgageable. And once buyers can’t get mortgages for those properties, the values crash — because you’ll now only have cash buyers on the demand side."

thehill.com/newsletters/sustai
#HomeInsurance

The Hill · Sen. Whitehouse: Climate change could crash the financial systemBy Saul Elbein