Home and auto insurance rates have surged in the U.S. in recent years to the point that many Americans are having trouble paying the premiums – and the price hikes are set to get worse.
Record losses from natural disasters, inflation, regulatory and reinsurance issues are all contributing to insurers moving to raise rates, in what has been a brewing crisis for consumers.
Home insurers are raising rates in the states where they can and fleeing others, putting the squeeze on some homeowners and leaving others struggling to find coverage.
