Guest Idea: Climate Risk Has Become A Defining Economic Issue
Climate risk has become a defining economic issue. Events like the recent Los Angeles wildfires don’t just damage ecosystems—they destabilize real estate markets, strain public budgets, and erode household wealth. Insurance sits at the center of this system. Because mortgages depend on insurability, the retreat of insurers from high-risk regions—California, Florida, and increasingly the Midwest—signals…