Insurance too risky

| 01/06/2009

(AP): As the 2009 hurricane season arrives, many homeowners are finding insurance is either more expensive, or harder to get. Homeowners from New York to Florida and in the Gulf Coast region are again seeing premiums rise and coverage change. And more are being dropped completely by their carriers as insurers try to limit their exposure in high-risk areas. "They just don’t like being in the business … too much risk," said Scott Hall of Market Street Advisers, a financial advisory firm in Wilmington, NC.Homeowners’ insurance premiums are up about 3% nationwide.


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  1. Anonymous says:

    Let me guess.  They only want to offer hurricane coverage to people in Colorado, New Mexico or South Africa.