Allianz Spells It Out: Climate Collapse Will Destroy Insurance Industry, After Which Finance & Capitalism Will Collapse

[bucolic_frolic]

2. Most memorable post in years

And all of it rings true. As things become uninsurable the costs of the remaining pool are passed on to those still able to find insurance, but the cost of insurance rises for them too.

Diversify. Spread risk. Realize you may have to self-insure - meaning go naked, without insurance - or write-off what you own.

Start a serious emergency fund. Repair or replacement may be on you.

The entire world is built on insurance, from the time of Lloyd's of London's founding. The Pilgrims were possible because investors put up the money and a limited liability company undertook the project after the underwriting. The investors couldn't be sued, they bought insurance.

Have serious discussions with extended family. One or the other branch may be subject to requests for temporary housing or cohabitation.