For years I have writing about the coming mass exodus of climate migrants from the South and coastal areas to the North. You can read them at Climate Migration One of the factors besides climate driving this surge will be the inability to buy insurance, or paying exorbitant prices for it.
As climate change begins damaging more regions around the USA and world, risks to insurers will start to rise from having to pay for catastrophes (LA wildfires, hurricanes in Florida...), to seeing the price of housing stocks fall as people begin moving North to escape climate change and the unaffordabilty of insurance (to even the possibility of not being able to buy homeowner insurance). I have noted on several occasions that insurers have abandoned places like Florida.
I mention this because today I read an explaining how a climate catastrophe in one region could trigger a crisis in the insurance market and a larger crisis in financial markets. Here is a link that connects to the article
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