In this week’s newsletter: The climate crisis is making insurance unaffordable for many – and it should worry all of us, even if we think we’re safe from floods, wildfires and hurricanes
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I’m worried about insurance.
Some homes are becoming uninsurable due to the rapidly escalating impacts of the climate crisis. And that should worry you too, even if you think your home is safe enough.
Lack of insurance doesn’t just mean the foundation of a homeowner’s security can be wiped out in an instant by a flood, wildfire or hurricane. Insurance is also the “invisible backbone” of modern economies: without its support, loans fail and the financial system crumbles. That means that insurance is now one of the most vital fronts in the battle with global heating.
