Tag: Electrical grid

Major insurers are retreating from high-risk areas as climate disasters accelerate, leaving homeowners facing soaring premiums. The financial impacts are cascading through global markets, affecting everything from mortgage securities to food prices and government borrowing costs.

Insurance Retreat Signals Broader Financial Stress

Climate change is increasingly testing the limits of insurance markets, with major providers reportedly pulling back from high-risk areas and raising concerns about broader economic stability. According to analysis from sustainability experts, thousands of families in California now face sharply higher premiums or scarce alternatives as insurers retreat from wildfire-prone regions.