Big Distortions Found in Home Insurance Rates. (cover story)

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    • Subject Terms:
      INSURANCE rates; HOME prices; INSURANCE costs; SEA level
    • Abstract:
      The article reports on the alleged high disparities in the cost of home insurance in different communities in the U.S. as prices surged significantly due to the effects of global warming. According to industry experts, the factors affecting the price distortions include varying rates of insurance fraud and fewer homeowners to share risks in rural areas. Also cited is the comment of Harvard Business School Professor Ishita Sen on the developments.