In 2016, when Shawn Loht bought his house near New Orleans, he easily found homeowner insurance with a $2,000-a-year premium.It was just lickety-split, he said.But after Hurricane Ida, a Category 4 storm, barreled through Louisiana in 2021, his premium jumped to $6,109.Then his provider failed, leaving him facing a premium of nearly $13,000 a year from the state's insurer of last resort.
#climate-change #chief-executive #improvements #natural-disasters #real-estate-agent #insurance-companies #large-swaths #insurance-policy
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