A road is completely filled with a tall pile of debris from destroyed beachfront homes and businesses, two days after the passage of Hurricane Ian, in Fort Myers Beach, Fla., Sept. 30, 2022. Florida’s home insurance market was already on shaky ground. It now faces an even mightier struggle after the damage caused by the hurricane. Credit: Rebecca Blackwell / AP Photo

The rising weather-related risks from climate change, from coastal hurricanes to western wildfires, are increasingly pinching insurance companies, which are raising rates and pulling back from parts of the country in an effort to stay in business.

Just this summer, two major insurance companies left Florida, adding to the long list of companies that have left the state. 

In July, Farmers Insurance announced it would no longer write policies in the state; in August, United Property and Casualty went bankrupt, leaving 22,000 of Floridians high and dry and all Florida residents having to foot the bill to bail it out. 

Banks could be next, said Dennis Kelleher of public interest […]

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