Economy
Sunday, 6/28, 10:43 AM
The Climate Insurance Squeeze Is Becoming an Economic Problem
- Extreme weather is pushing insurance claims — and premiums — higher, and in the riskiest areas cover is becoming unaffordable or simply unavailable.
- That matters far beyond insurers: where you can't insure a home, you often can't mortgage it, and that chain reaches into property values, bank balance sheets and financial stability.