One of the best and most recent examples is the insurance market.
In response, they’re raising rates, squeezing homeowners already struggling with rising mortgage costs, and even abandoning some markets altogether.
(Are you having trouble with your homeowners insurance?
The health of the home insurance market is inextricably tied to the health of the broader economy.
A broad downturn in the insurance industry could spill over into real estate values and hurt local tax revenue.
Persons:
Dave Jones
Organizations:
University of California Berkeley
Locations:
California