Good morning it is sunday, september 15, 51 days until Election Day but voting starts tomorrow in pennsylvania. The fallout continues for Donald Trump following the president ial debate against Kamala Harris but conversation has shifted from republican nominees bizarre and unhinged performance to questions about how his campaign is being managed. Is peddling of Conspiracy Theories during the debate was seen by 67 Million people in the United States and has led to real and dangerous consequences. Bomb threats and other threats of violence have disrupted the city of springfield, ohio after trump amplified unfounded racist allegations that haitian migrants were stealing peoples pets and eating them. As a result, schools of clothes, hospitals were temporary locked down in the citys Migrant Population is on high alert. Get trump continues to make yet more disparaging comments about springfields Haitian Community at his recent rally claiming have taken over and ruined the town. Serious quest
pushing premiums higher as the industry factors in more catastrophic losses. we re in the middle of an insurance company insurrection in california. reporter: in may, state farm, all state and farmers capped or stopped selling homeowners coverage in california where five years of wildfires wiped out 20 years of profits. even the state which insures those who can t get it privately lost launched a 50% rate hike. every single county and tran sacks up and down sdmrooil three national insurers left the property market and several others stopped writing new policies. one reason? state regulators, they say, kept rates artificially low. we have all of this insurance that is kept at least for many folks living in harm s way, at artificially low premiums. reporter: another? the reinsurance market that protects companies from high claims are now refusing to underwrite that liability for
in the neighborhood. everybody had policies canceled and now must get their insurance through a state pool. i ve seen our choices shrink and the rates go up. from california to florida. the water was coming through the windows and doors and the walls even. insurance rates nationwide jumped 9% this year. floods and wildfire, hailstorms and hurricanes. i had just moved here from florida last year so i was this doesn t happen in new york. accelerating extreme weather. the uncertainty associated with climate change and the effects on losses is quite difficult to model. that uncertain teev is pushing premiums higher as the industry factors in more catastrophic losses. we re in the middle of an insurance company insurrection in california. in may state farm, allstate and farmers capped or stop selling homeowners coverage in
they stop selling homeowners coverage in california. effecting every single county and everything a transaction up and down the state of california. three national insurers in florida left it and several other stop writing new policies. because state regulators kept rates artificially low. we have all this insurance that is kept at least for many folks living in harm s way at artificially low premiums. right, so one of the situations here is that those insurance rates that s one reason it s going up. another reason is labor and materials but it s a system that protects insurers from very high claims in disaster areas and their rates are going really high but the regulators won t let them pass it on to consumers so some insurance companies are simply saying we are done. gonna be a tough one to solve. but it looks there now. thank you.