The stat about an additional $1.72 being generated for the economy is interesting. With that though, I worry the people who mostly win are large industry vs. actual people.
I support people in real estate and have long told people to avoid investing in Florida, but as someone with properties in Colorado- we are seeing the impact of climate change on insurance claims (and the inability to get reasonable insurance) here as well. I wonder what will happen with property insurance in the United States over the next ten years.
Erin, there's no doubt that insurance pricing will continue to climb. We are all, in one way or another, paying for climate change. When global insurance companies have losses in one area, prices go up everywhere to make up for that. Now, car insurance pricing is climbing - and for the same reason. Cars are increasingly expensive (the typical new car price is around $45,000 right now) and there have been huge losses due to climate change.
Thank you for all your time .
The stat about an additional $1.72 being generated for the economy is interesting. With that though, I worry the people who mostly win are large industry vs. actual people.
I support people in real estate and have long told people to avoid investing in Florida, but as someone with properties in Colorado- we are seeing the impact of climate change on insurance claims (and the inability to get reasonable insurance) here as well. I wonder what will happen with property insurance in the United States over the next ten years.
Erin, there's no doubt that insurance pricing will continue to climb. We are all, in one way or another, paying for climate change. When global insurance companies have losses in one area, prices go up everywhere to make up for that. Now, car insurance pricing is climbing - and for the same reason. Cars are increasingly expensive (the typical new car price is around $45,000 right now) and there have been huge losses due to climate change.