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Climate crisis on track to destroy capitalism, warns top insurer
Post Reply RetroFed Forum Forum Index » Uninsurable - not just nuclear, but also unsinsurable literally
AuthorMessage
VeganPizza69 Ⓥ lemmy.world veganpizza69@lemmy.world
Joined: 2023-07-05
Quote

Link: https://www.theguardian.com/environment/2025/apr/03/climate-crisis-on-track-to-destroy-capitalism-warns-allianz-insurer

“We are fast approaching temperature levels – 1.5C, 2C, 3C – where insurers will no longer be able to offer coverage for many of these risks,” he said. “The math breaks down: the premiums required exceed what people or companies can pay. This is already happening. Entire regions are becoming uninsurable.”
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