Car insurance! Again!
It’s no secret that in the US, certain types of insurance are getting pricier and tougher to come by.
Allstate, State Farm and AIG have stopped underwriting new homeowners’ policies in California because of the risk of destructive wildfires. Private insurers have almost completely withdrawn from parts of Florida, Louisiana and other environmental-disaster-prone areas.
This story originally appeared on: Financial Times - Author:Alexandra Scaggs