| Home owners insurance is becoming more difficult | | | | New Jersey, Rhode Island and New York and |
| to get for many home owners, if they can get it | | | | even affects western states, including earthquake |
| at all amid rising insurance rates with less | | | | prone California and Washington. The problem has |
| coverage. A national insurance crisis has developed | | | | resulted in many homeowners being forced to sell |
| as a result affecting many states, and the | | | | their homes or to be foreclosed by lenders. The |
| problem is only getting worse. | | | | growing insurance crisis is quietly being suffered |
| In a Special report Housing Predictor outlines the | | | | by hundreds of thousands of homeowners. |
| insurance crisis and provides a step by step "How | | | | Congress has held hearings over the crisis and is |
| to Guide" to help consumers get the least | | | | considering a federal catastrophic insurance fund |
| expensive homeowners insurance policy with the | | | | for major disasters, but has failed to yet come |
| most coverage. Housing Predictor forecasts more | | | | up with any solutions to help those suffering from |
| than 250 local housing markets futures in all 50 | | | | the crisis. In the mean time housing prices are |
| U.S. states. | | | | being influenced, losing value in many states |
| The insurance crisis is a growing epidemic amid | | | | markets. |
| insurance companies record all time high profits. | | | | Laws to regulate home owners insurance rates |
| The industry netted $58-billion in profits last year | | | | are in affect in nearly all states, but in many |
| and has canceled coverage on tens of thousands | | | | cases the government regulatory agencies |
| of homeowners in more than ten states, including | | | | empowered to control the industry have failed |
| Florida, where many companies have either | | | | and the industry continues to make record profits. |
| stopped writing policies or have pulled out all | | | | In most states insurance companies will not |
| together because of reported fears of more | | | | continue to write policies unless the companies |
| possible hurricanes that could cause higher | | | | can at least net 40% profit annually. The state |
| pay-outs. | | | | laws written to protect the public are not working. |
| The crisis has also grown into the north-east in | | | | |