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Insurers warn that climate change may make some homes uninsurable

Insurers warn that climate change may make some homes uninsurable

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7 comments

  1. I suppose it’s a good thing Trump and Morrison say climate change isn’t real. Guess you have to continue to insure us after all.

  2. Glad to live on a hill and away from a coast.

  3. Waiting for my city to have a beach

  4. What is the point of your insurance company then?

  5. It happened to a lot of houses in my area after Sandy. Insurance companies wouldn’t insure (or made the rates prohibitively high) if the owners didn’t raise the house. A lot of people simply abandoned them because it wasn’t worth it.

  6. We’re at the point where it’s cheaper to just fight climate change than to deal with the impacts.

    * [Renewable energy is generally cheaper than fossil fuels](https://www.lazard.com/perspective/lcoe2019/).
    * Electric vehicles are hitting the point where the total cost of ownership is lower than gas vehicles; the maintenance and energy costs are a fraction of internal combustion cars.

    Carbon pricing is the single best way to fight climate change. It provides a strong free-market incentive to implement those changes.

    [The IMF indicates that carbon fees WORK](https://www.imf.org/en/Publications/FM/Issues/2019/09/12/fiscal-monitor-october-2019)

    > of the various mitigation strategies to reduce fossil fuel CO2 emissions, carbon taxes—levied on the supply of fossil fuels (for example, from oil refineries, coal mines, processing plants) in proportion to their carbon content—are the most powerful and efficient, because they allow firms and households to find the lowest-cost ways of reducing energy use and shifting toward cleaner alternatives“

    Why won’t Australia and the US take the single easiest, most effective step to fighting climate change?

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