I think there is some assumption that insurers are acting in good faith. > Major insurers say they will cut out damage caused by hurricanes, wind and hail from

I think there is some assumption that insurers are acting in good faith. > Major insurers say they will cut out damage caused by hurricanes, wind and hail from policies underwriting property along coastlines and in wildfire country, [..] Hurricanes and wild fires have not significantly increased due to climate change. This just allows insurers to arbitrarily refuse to deal with insurance payouts, especially those of large scale. This is essentially another "act of god" get-out clause. Given that banks need insurance to protect their investment, this will likely just kill the possibility of owning a home for the least wealthy. Some big player such as banks will come in and buy lots of cheap property, then suddenly insurance will cover these 'high risk' areas again and rent them back to the people who lost their homes.