Climate change effect on insurance

 Inside Climate News -   Insurance experts have warned repeatedly that rising economic losses from extreme weather events driven by climate change threaten the industry with collapse—and with it, housing markets and families’ finances. Together with Louisiana and wildfire-wracked California, Florida, threatened by tropical cyclones barreling into its coasts, is where the crisis is hitting hardest. 

The risk is driving insurance companies to raise rates and withdraw from markets entirely, a situation that itself represents a crisis threatening to destabilize what for many Americans is their most important asset, their home.