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Home insurers cut natural disasters from policies as climate risks grow
(www.washingtonpost.com)
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This is the place for discussing the potential collapse of modern civilization and the environment.
Collapse, in this context, refers to the significant loss of an established level or complexity towards a much simpler state. It can occur differently within many areas, orderly or chaotically, and be willing or unwilling. It does not necessarily imply human extinction or a singular, global event. Although, the longer the duration, the more it resembles a ‘decline’ instead of collapse.
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Related lemmys:
Remember, most types of home loans require the borrower to secure property insurance.
Without the ability to get a policy written, some will not be able to close on home loans. Some will not be able to sell their house as no buyers can purchase the property.
The insurance issue is much bigger as it has the potential to lock people into the State for inability to sell and prevent those looking for homes from buying.