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A Senate report found that private home insurance companies are dropping customers in most states, leaving homeowners at risk of going without insurance or turning to more expensive last-resort options. The problem is worsened by climate change, as natural disasters become more frequent and severe. According to the report, private insurers’ nonrenewals spiked threefold in over 200 counties between 2018 and 2023. As a result, homeowners are flocking to insurers of last resort, which are designed to be a backstop but are often more expensive and provide less coverage. Florida and California are trying to reverse the trend, with Florida seeing some progress. However, the problem is not isolated to the most predictable states, with Hawaii, North Carolina, and Massachusetts also seeing an increase in homeowners losing their private insurance. Policymakers and insurers are trying to stabilize the private market, but the risk to America’s homeowners is mounting. The situation is expected to intensify as climate-fueled disasters become more frequent and severe.