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