 Millions of U.S. homes at risk of losing their insurance but the frequency and intensity of extreme weather events increasing across the United States, millions of homeowners in the most vulnerable parts of the nation are in danger of losing their insurance. According to TCD Community, per a report from First Street Foundation, there are 39 million homes insured via private companies. However, the threat of natural disasters has started a chain of events in the insurance industry that could jeopardize the financial security of those homeowners. It is noted that the study from the non-profit climate research firm noted that because each state regulates its private insurance market and can cap the rates of its policies, premiums don't necessarily reflect the risk involved for homes in regions susceptible to wildfires, hurricanes, and floods. As a result, major insurance companies like all state and nationwide are no longer finding it profitable to remain in those high-danger areas and have left current and potential customers scrambling for alternatives. For example, Florida has already seen four insurance companies leave within the last year, while State Farm is no longer accepting new applicants in California. With no choice but to resort to government run insurance policies that can cost thousands of dollars per month, homeowners are now confronting the dilemma of either paying up for soaring insurance costs or relocating altogether. And then premiums go up, property values plummet.