General World News

Opinion: How to avert an impending homeowners insurance crisis

A brewing crisis is emerging around homeowners insurance and thus far the finance and insurance community has not offered any viable solutions.

The annual number of weather/climate-related disasters exceeding $1 billion per event has more than doubled over the last five years from historical averages. Homeowners in affected markets have experienced increases in premiums that threaten their financial soundness or are finding cancellation notices in their mailboxes.

Major credit investors such as Fannie Mae and Freddie Mac, which require such policies, are acutely concerned about the long-term prognosis of traditional details ⇒

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