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The uninsurable world: what climate change is costing homeowners

3 pointsby haltingproblemover 1 year ago

2 comments

tomohawkover 1 year ago
The more rapid change has been that people have moved to flood prone areas, and businesses have built there. This was all subsidized by federal flood insurance.<p>Now that these unsuitably risky areas are built out, the insurers don&#x27;t want anything to do with them if they can help it. The added cost to insurance pools to insure these risky properties is affecting all of us.<p>There should be no federal subsidy for insuring buldings in flood prone areas.
haltingproblemover 1 year ago
The visualization is beautiful but it leaves two things to help really get a scale for if storms are really increasing (in frequency and severity):<p>- leaves out many storms especially in the third world<p>- does not divide by the totally insured property base which should be going over time.<p>I wonder if adding that will change things?