Americans are having a harder time finding homeowners insurance
Laura Paul oversees the nonprofit LowerNine.Org. Its mission is to keep legacy residents who came back after the storm in their homes.
"We had one of the highest rates of Black homeownership in the country and those numbers were decimated by the storm," she said.
Facing rising payout costs from storms like Hurricane Ida, many insurance companies in Louisiana are going bankrupt or refusing to write new policies, leaving more than 100,000 residents with no coverage homeowners coverage right as the height of hurricane season approaches.
"You might as well not carry coverage, because when something happens, your coverage will be invalidated for one reason or another," Paul added.
What's happening here, though, is starting to play out in communities across the country. With the frequency and intensity of natural disasters growing in this country, more and more Americans are losing coverage every day.
Jesse Keenan, an associate professor at Tulane University who studies real estate, says that as the cost of cleaning up after natural disaster rises because of climate change, more and more insurance companies will either go under or not pay out claims.
"Even those people that insurance today may not be able to get paid full on their claims," Keenan said.
From California to Texas to Florida, hundreds of thousands of Americans are expected to receive notice this year that they're being dropped from their insurance coverage.
"This is the harbinger of what's to come for many states as insurance becomes more expensive and harder to get," he added.



Trustee in Chris Pettit's bankruptcy seeks court OK to sell well-known San Antonio-area mansion
President Biden Issues Statement on Senate Passage of Inflation Reduction Act
Advisor News
- What’s behind private equity investment in insurance brokerages
- Advisors get a win as NJ Senate passes independent contractor bill
- Why federal retirement benefits are more complex than advisors realize
- Why timing the market is still a retirement mistake and what to do instead
- Business owners may be overlooking a key part of their financial picture
More Advisor NewsAnnuity News
- Best’s Special Report: U.S. Life/Annuity Industry Sees Bottom-Line Growth Despite 18% Decline in Total Income in First-Quarter 2026
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- Fortitude Re Completes $500 Million FABN Issuance
- Reframing retirement income for greater certainty
- Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
More Annuity NewsHealth/Employee Benefits News
- Getting disability benefits got harder after the Social Security Administration changes
- Capitol Beat: Scott's veto signatures piling up
- Rising ACA premiums spur pivot to cheaper plans
- California is getting ready to increase a health insurance tax. Will it affect your premium?
- New Insurance Findings from University of California Described (The impact of Medicaid expansion on coverage among those lacking housing basics, 2010-2019): Insurance
More Health/Employee Benefits NewsLife Insurance News
- OVER $107 MILLION IN LIFE INSURANCE BENEFITS LOCATED FOR TENNESSEANS IN 2025 THROUGH NAIC'S LIFE INSURANCE POLICY LOCATOR SERVICE
- Maryland Heights man pleads guilty in murder-for-hire death of his mom
- AM Best Affirms Credit Ratings of Everlake Life Group Members
- Industry experts warn NAIC: Fix flawed IUL illustrations now
- InsuranceAUM.com Celebrates a Historic 5th Annual Insurance Investment Executives’ Meeting in Chicago, Honoring Outstanding Industry Leaders and Spotlighting Next Event in Austin
More Life Insurance News