Eddy Pierre’s Post

📢 **Big News for California Homeowners!** 🌟 California Insurance Commissioner Ricardo Lara has unveiled a new plan to help homeowners in high-fire-risk areas get the insurance coverage they need! 🔥🏡 Here’s what’s happening: 1. **Insurers to Write More Policies:** Three options for insurers to meet minimum coverage in high-risk areas. 2. **Catastrophe Modeling:** Finally coming to California, allowing better risk assessment. 3. **Accountability:** Insurers must commit to these plans or face consequences. Gov. Gavin Newsom calls this move "critical" for fixing our insurance crisis as climate change intensifies. 🌍💪 👉 Join the conversation and share your thoughts! Let’s spread the word and help our communities stay protected. #CaliforniaInsurance #HomeInsurance #FireSafety #ClimateChange #CommunityFirst #HomeProtection #InsureSmart #StayInformed 🔄 **Share this post to keep your friends and family informed!** 💬👨👩👧👦 Source: CalMatters Newsletter

We’re often asked if we see any impacts from climate change on the local real estate market; in a word, we don’t–coastal North Carolina real estate has never been as highly valued. That said, we do see real climate change impacts surfacing mainly in insurance (and re-insurance) markets with private providers withdrawing and the government insurance market (as the insurer of last resort) expanding. So, if we’re wondering where we’ll see climate change drive impacts relative to real estate, it will come primarily from transferring risk via government insurance. Watch this video to learn more from NC’s Commissioner of Insurance Mike Causey as he outlines an increasingly complex role.

Important information for Insurance companies, employees, investors and customers. It is clear you alone cannot prepare/mitigate for coming damages, but you can be vital voice in demanding government, and broader society acknowledge reality, and stop pretending everything can stay the same. This is not a political right or left battle. It is time we call out all politicians claiming their platform is the “best”. Zero Hour cross party Climate and Nature Bill. https://lnkd.in/ect3EBzQ

In 2023, insurers lost money on homeowner's coverage in 18 states, up from 8 states in 2013, according to a new NY Times analysis. These losses are making insurance more expensive or impossible to obtain. In my NYS Village neighborhood, we were fortunate that a recent microburst only took down 60+ trees rather than causing the deaths, injuries and property damage that the Midwest and Texas experienced last week. Extreme weather, accentuated by climate warming, is impacting more and more communities, exacting significant costs. #climatechange #insurance

there are many other issues facing the property insurance crisis in Florida after last Decembers legislation, we now have a plethora of new companies looking at taking policies from Citizens (with up to a 20% surcharge on the Citizens rates) and all with a profit in mind and not that i mind that but i think that climate change is down on the list of crisis drivers

Insurance cost are going to kill affordable housing. This article is a good start to understanding the harm being caused. We now need to understand the loss of units in the past and what could possibly by loss in the NEAR future. Some say “the market will adjust and will work itself out” my question is when did the market “adjust” to help or save low income families. We need federal and state intervention. The government intervened to save car manufacturers and banks, they need to help affordable housing NOW.

Planning and preparing for a natural disaster means you can save time when it happens. Contact us for your insurance options! #businessinsurance #autoinsurance #homeinsurance #crosswidns_insurance #workerscompinsurance

📝🏡 Important Reminder: Review Your Homeowners Insurance! 🔍🔑 Also If you own a home in an area prone to climate change impacts or natural disasters, consider budgeting for higher insurance premiums. Stay protected and informed!

Advice | Home-insurance payouts are shrinking. Here’s how to prevent the worst.

Advice | Home-insurance payouts are shrinking. Here’s how to prevent the worst.