The Affordable Care Act (ACA) subsidies, which have significantly reduced health insurance costs for millions of Americans, are set to expire at the end of 2025 unless Congress enacts legislation to extend them. These enhanced subsidies, introduced during the Biden administration, have made health coverage more affordable for individuals purchasing insurance through ACA marketplaces. Impact … Read more
Hurricane Helene, which struck the Carolinas in September 2024, has significantly influenced insurance rates in the region. The storm caused extensive damage, leading to increased claims and prompting insurers to reassess their risk models. Rising Insurance Premiums In the aftermath of Helene, homeowners in North and South Carolina have experienced notable increases in insurance premiums. … Read more
The intensification of climate-related disasters has exposed significant shortcomings in the current home insurance framework. As events like Hurricanes Helene and Milton have demonstrated, the existing system often leaves homeowners vulnerable, with insurers withdrawing coverage from high-risk areas and increasing premiums to unsustainable levels. Challenges in the Current System Coverage Withdrawal: Insurance companies are increasingly … Read more