Aspen Public Radio
Advocates urge regulation of surplus line insurance as traditional coverage gets harder to keep
As the insurance crisis deepens in the West and across the country, policies known as surplus lines are becoming more important.
This lightly regulated and previously niche corner of the insurance market comes with a number of risks, and a new report from Climate Cabinet Education offers policy recommendations.
Bloomberg
We’re in a $3 Trillion Insurance Hole and Just Keep Digging
The first law of holes states that if you find yourself in one, stop digging. The U.S. is in a $3 trillion home-insurance hole, but instead of putting down its shovels, it’s handing out shiny new ones that will help us dig even deeper.
Hill Heat
Tired: MAGA. Wired: MGA!
We take a look at a climate report with the attention-grabbing title Strengthening State Oversight Over Surplus Lines. It’s sexier than it sounds!
Newsweek
America’s Home Insurance Crisis Has a New Epicenter
The increase reported in Utah fits into the findings of a recent report by the Climate Cabinet Education, which found that, as traditional insurers retreat, more homeowners are being pushed into a market that was originally designed for unusual risks, not to become a substitute for basic homeowners insurance.
Investor's Business Daily
How Your State’s AI Data-Center ‘Moratorium’ Really Works
Tech giants sprinting to build and control artificial-intelligence infrastructure suddenly find themselves navigating obstacles laid by governors up for reelection in New York, Texas and Pennsylvania. The press has tended to call the obstacles moratoriums, though that’s not necessarily the case.
Washington Post
Why more homeowners across the U.S. are turning to an insurance that offers less coverage
A new report from Climate Cabinet Education, a nonprofit advocacy group, charts how this explosive growth happened.