Soaring premiums, fewer carriers and worsening weather trends are contributing to an insurance crisis for homeowners in many areas of the U.S. In New Orleans, Louisiana, the market for Homeowners Insurance is “crumbling,” CNN reported March 29, with one resident telling the news outlet that his premiums increased from $1,600 per year in 2022 to $4,930 after his previous carrier pulled out of the state entirely.
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