Christopher MimsSep 4, 2023

Evidence of America’s — and the world’s — climate migrations are mounting.

In this thread, I’ll collect all the papers, news items and anecdotes I find on the subject. Feel free to contribute by using this tag:

#climatemigration

It’s starting with insurers. When homes are destroyed and homeowners lose everything, with no recourse, market forces herd people away from the zones of greatest vulnerability:

https://www.washingtonpost.com/business/2023/09/03/natural-disaster-climate-insurance/

#climate #climatechange #adaptation #climateimpacts

🧵

Home insurers cut natural disasters from policies as climate risks grow

Major insurers say they will cut out damage caused by hurricanes, wind and hail from policies underwriting property along coastlines and in wildfire country.

The Washington Post
Show thread🇺🇦 haxadecimal 🚫👑
@mimsical I don't understand how it justifies cutting coverage AND raising premiums. Cutting coverage should REDUCE premiums.
Sep 4, 2023 at 1:43pmWeb
Show threadtherieauSep 4, 2023

@brouhaha @mimsical Sounds like you’re counting on insurance companies to have a moral compass that doesn’t point toward greed. Raising revenue AND reducing risk seems like something right out of their playbook.

You know, like a good neighbor.