No? That’s actually fairly recent. Unless you live in a declared disaster zone you typically could get insurance. Entire states being uninsurable is new. Insurers are pulling out of states like FL and CA because they could not afford to cover the claims when another disaster hit.
This has more to do with the incredible cost of housing rather than climate crisis though. Yes, the frequency of these things is increasing - but NOT anywhere near the same degree as property values skyrocketing and causing the ‘repair cost’ to go up as well.
I understand that in the long run, it’s a good thing to attribute this to the climate crisis - so long as it gets people to change their habits, it could be considered morally righteous.
But the factual reality of it, is that climate doesn’t play a large part in the reasons for them doing this. And I, for one, am tired of living in this reality where things are just convenient, but not necessarily true. I am very scientifically minded, and I thrive on information being correct and accurate.
No? That’s actually fairly recent. Unless you live in a declared disaster zone you typically could get insurance. Entire states being uninsurable is new. Insurers are pulling out of states like FL and CA because they could not afford to cover the claims when another disaster hit.
This has more to do with the incredible cost of housing rather than climate crisis though. Yes, the frequency of these things is increasing - but NOT anywhere near the same degree as property values skyrocketing and causing the ‘repair cost’ to go up as well.
I understand that in the long run, it’s a good thing to attribute this to the climate crisis - so long as it gets people to change their habits, it could be considered morally righteous.
But the factual reality of it, is that climate doesn’t play a large part in the reasons for them doing this. And I, for one, am tired of living in this reality where things are just convenient, but not necessarily true. I am very scientifically minded, and I thrive on information being correct and accurate.
It’s both? The insurers still cannot afford another massive hurricane around Miami.
Sure they can. Insurers buy insurance themselves. “Afford” to them means “If we can’t profit over 200b this quarter, line don’t go up”.