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There’s no such thing as a disaster-resistant place anymore (global climate disasters are raising insurance rates) (www.vox.com)

submitted 1 year ago by [email protected] to c/[email protected]

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The risk of natural disasters is everywhere (even in the most resilient places). People will no longer just have to prepare for intensified versions of the natural disasters they know, but they will also have to consider the possibility of new types of disasters — floods, storms, heat waves, droughts, and fires — impacting their community. And since most US insurance companies are backed by international reinsurance companies that cover other parts of the world, homeowners everywhere will pay the price for climate change’s global effects.

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