Brutkey

Miss Gayle
@MissGayle@urbanists.social

It doesn't matter if you don't believe in climate collapse.

Your insurance company does.

Link: https://www.cnbc.com/2025/08/08/climate-insurers-are-worried-the-world-could-soon-become-uninsurable-.html

Insurance will become so expensive only the super wealthy can afford it, and most ordinary insurers will go out of business.

Those are facts.

And if banks and mortgage companies insist on buyers having insurance, only corporations will be able to buy homes.

This is not a conjecture.

This is the future we're looking at under the project 2025 regime.

#Housing #Climate

Why insurers worry the world could soon become uninsurable Published Fri, Aug 8 2025, Samuel Meredith "...Top insurers fear the climate crisis could soon outpace industry solutions, effectively threatening to make entire regions around the world uninsurable. Günther Thallinger, a board member at Allianz , one of the world’s biggest insurers, recently outlined how the world is fast approaching temperature levels where insurers will no longer be able to offer cover for financial services, such as mortgages and investments. In practice, this scenario implies some may face difficulty being able to afford home insurance cover, which is typically a prerequisite for getting a mortgage. In a LinkedIn post published in late March, Thallinger made the case for rapid decarbonization, pointing out that entire asset classes were “degrading in real time” as extreme weather events take their toll. Perhaps most strikingly of all, he warned the worsening climate crisis appears to be on track to destroy capitalism..."