Climate change to increase insurance cost dramatically

Ben Tracy reports in Miami, Fort Lauderdale, and Hollywood, homeowners are at risk for high insurance premiums or loss of coverage altogether.

[OldScientist]

"There's lies, damn lies, and then statistics." I'm not sure where your getting your numbers from but by focusing on billion and above you make the losses seem huge. But it's not. The global economy is enormous. Does it take into account inflation or increasing wealth, or more property on coasts? No.
When you use data from the World Bank and global insurance, and try to measure the cost to society, you find the cost is minimal and diminishing. Global weather losses as a percentage of Global GDP sank from 0.25% to below 0.20% between 1990 and 2022.
Based on data published in the Lancet in 2019, GDP percentage Climate-Related Disaster Losses have declined in all global income categories, with the most noticeable declines in the lower income countries (Watts et al., 2019).

[JKDub]

The greed of this country is astounding. They find excuses to raise the prices out of the blue, yet minimum wage hasn’t increased in how many decades?