How the Climate Crisis Is Fueling an Insurance Meltdown and Economic Risk in the U.S.

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, warns that the climate crisis is rapidly creating an insurance disaster across the United States. With global natural disaster losses hitting $140 billion in 2024, insurers are either dramatically raising premiums or abandoning regions like Florida and California. This threatens to crash home values, destabilize the real estate market, and spark a wave of mortgage defaults—especially in vulnerable low-income areas. McIntyre emphasizes that climate resilience and building reforms are urgently needed to avert broader economic collapse.