The warped economics of insuring climate destruction

The insurance industry is facing increasing challenges as it grapples with the rising costs associated with natural disasters linked to climate change. This situation is significant because it highlights the unsustainable economic model of insuring against climate-related damages, which could lead to higher premiums and reduced coverage for consumers. As climate events become more frequent and severe, the industry's ability to manage risk is being tested, raising concerns about the future of insurance in a changing climate.