Climate risk and the insurance retreat. Wildfire, flood, and hurricane losses push insurers out of California, Florida, and the Gulf; premiums double; states become insurers of last resort.
Scaling Compounding now. Evidence is visible in company results and data. Largest effect expected 2020–2040.
Second-order effects
Uninsurable homes become unmortgageable; housing wealth quietly re-prices by ZIP code; retirees' relocation to warm states reverses; municipal finances strain; a new market in resilience (roofs, elevation, private fire crews) grows.
Its neighbourhood
Everything this entry connects to directly. Click any point to follow it.
Frictions it intensifies
These pressures get worse, or reach more people.
Solutions it accelerates
Solutions it threatens
Sectors it reshapes
How to track it
If this trend is real, these are the numbers that will show it first.