World
How extreme weather is putting pressure on home insurers
Tropical Storm Lee could be on course to elevate into a Category 4 hurricane as it travels across the Atlantic Ocean. Insurers are reconsidering coverage in states where extreme weather conditions and natural disasters have become increasingly common. Insurance Information Institute CEO Sean Kevelighan joins Yahoo Finance Live to discuss the regulatory pressures and concerns of fraud becoming common in such states. So you ve got a specific circumstance with insurance being regulated and placed in a specific state that s causing a big challenge to do business in Florida, Kevelighan states. California being another . with wildfires, but on top of the wildfires, insurers are having a difficult time due to antiquated regulation. Kevelighan points towards other states that could be vulnerable to similar insurer pullouts. Subscribe to Yahoo Finance: [ 🔗 Click ‼️ ] About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn more about Yahoo Finance Plus please visit: [ 🔗 Click ‼️ ] Connect with Yahoo Finance: Get the latest news: [ 🔗 Click ‼️ ] Find Yahoo Finance on Facebook: [ 🔗 Click ‼️ ] Follow Yahoo Finance on Twitter: [ 🔗 Click ‼️ ] Follow Yahoo Finance on Instagram: [ 🔗 Click ‼️ ] Follow Yahoo Finance Premium on Twitter: [ 🔗 Click ‼️ ] :::: Visit my YouTube channel @ Yahoo Finance ( [ 🔗 Click ‼️ ] Finance )
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