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The Impact of Climate Fuel Disasters on Homeowners Insurance and Bailouts in Florida
This chapter explores the challenges faced by homeowners in high-risk areas due to extreme weather events, such as hurricanes, wildfires, and floods. It discusses the impact of these events on homeowners insurance, including skyrocketing premiums, insurer withdrawals from high-risk areas, and the potential need for bailouts. The chapter focuses on the situation in Florida and also mentions similar challenges faced in California and Colorado.