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Climate Change Is Raising Texas’ Already High Wildfire Risks | The Smokehouse Creek fire is a sign of more to come. Property insurers in Texas are already responding. (www.nytimes.com)

submitted 8 months ago by [email protected] to c/[email protected]

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[–] [email protected] 7 points 8 months ago

If you want to know if an issue has real potential consequences, in this instance climate change, see what insurance companies are doing about it. Live in a state where wildfires or hurricanes are an issue? As droughts increase and ocean temperatures increase, your homeowners insurance is going up significantly faster than ever before. Insurance companies exist to make money and they spend huge sums in actuarial predictions to keep making that money.