An interesting take, from an apparently left-wing economist, who uses the insurance market to cut through the political BS and expose the realities of Climate Change.
[Hat tip: Jerry Coyne]
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Yes, insurance rates have been increasing at a noticeably faster rate than inflation. I have been assuming that this is due to climate change.
And I’m not if Florida or other high risk areas. But increasingly severe weather can pose a problem anywhere.
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Yes it seems like, rather than rate increases being indicative of high risk, that it’s becoming a case that, if the insurance market (as opposed to politicised state insurance providers) are willing to insure you at all, you’re not in a high risk area.
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Allstate recently announced that it will be writing no new home insurance policies in California.