How the Home Insurance Market Became So Distorted

The patterns revealed by that data, which my colleague Mira Rojanasakul and I examine in detail in our article, are striking. I traveled to Enid, Okla., where insurance costs more, as a share of home value, than in New Orleans, much of which is below sea level. Homes in Enid also cost more to insure, as a share of home value, than those in extremely fire-prone areas of California or in the Outer Banks in North…