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 threadBarbara Monaco
@mimsical Just learned that my homeowners policy in CA will rise by 50% in the coming year. I've had no claims and did not increase coverage. I began to shop around and was shocked at how many companies refuse to write new policies in CA.
It's alarming.
Sep 4, 2023 at 5:02pmWeb
Show threadChristopher MimsSep 4, 2023
@Barbramon1 it should be! what's happening in cali is terrifying. I wish you the best.
Show threadBarbara MonacoSep 4, 2023
@mimsical Thanks. Also in my research I discovered that 80% of homes in CA are underinsured. Potential disaster.
Show threadJeri DanskySep 5, 2023
@Barbramon1 @mimsical I guess I'm lucky. I'm also in California, and my homeowner's insurance only went up by 20% this month.
Show threadBarbara MonacoSep 5, 2023
@jeridansky @mimsical 20% is substantial increase, but it could've been worse. Am wondering if the big rainstorms this past winter affected our premiums. There was no damage in my town but some remote parts of the county had problems.🤔