Tech workers who fled to Austin during the pandemic are being repelled — Austin is #3 in the country for outmigration now — by a summer that has smashed all records for heat, with well over a month of days above 100 degrees.

This is a profoundly different weather than Austin had 20 or 30 years ago.

🧵 #climatemigration #climatechange

https://www.businessinsider.com/tech-workers-moved-to-austin-regrets-2023-8

In areas most vulnerable to climate change-enhanced disasters, like Florida, the cost of home insurance has gone up so much that it’s now affecting how much lenders will give — potentially pushing many out of the home ownership market altogether.

Others are risking having no insurance at all, gambling on complete financial ruin should their home be damaged or destroyed.

🧵 #climatemigration #climateimpacts #climatechange

https://www.wsj.com/personal-finance/americans-are-bailing-on-their-home-insurance-e3395515

@mimsical Sounds like there is 3 groups of homeowners in Florida.

1 is the uninsured who risk complete ruin if disaster hits.

2 is those insured with Florida which seems not to have enough reserves to cover a big disaster. If disaster hits they will likely only get a fraction of what they need (also risk of complete ruin).

3 is those insured with private insurance. If a big disaster happens, these companies will fight claims to avoid bankruptcy.

Thus risk of complete ruin for all groups