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real numbers today and assess future risks...to the point that CA and FLA share the same threat for the same reason...the continued burning of Fossil Fuels.

from the attached link...
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The president of one of the world’s largest insurance brokers warned Wednesday that climate change is destabilizing the insurance industry, driving up prices and pushing insurers out of high-risk markets.

Aon PLC President Eric Andersen told a Senate committee that climate change is injecting uncertainty into an industry built on risk prediction and has created “a crisis of confidence around the ability to predict loss.”

Reinsurance companies, which help insurers pay catastrophic losses, “have been withdrawing from high-risk areas, around wildfire and flood in particular,” Andersen told the Senate Budget Committee.

He added, “Just as the U.S. economy was overexposed to mortgage risk in 2008, the economy today is over exposed to climate risk.”

Andersen testified at the Senate Budget Committee in its latest hearing aimed at drawing attention to climate risk and its potential threat to the federal budget.

The hearing did not address the federal budget and instead highlighted the various ways climate change is hurting property insurers and triggering dangerous growth in state-run insurance plans — sometimes called FAIR plans — that cover people who cannot buy insurance from a company.

Although the hearing covered familiar themes, it occurred at an opportune moment. Major hurricanes and wildfires have driven insurance markets into crisis in Florida, Louisiana, California and are weakening insurers in other Western states such as Colorado and Oregon (Climatewire, Dec. 23, 2022).

Florida’s state-run property insurer warned recently that Hurricane Ian had “significantly depleted” its reserves and that it might impose a surcharge on millions of policyholders in the state if another major hurricane generates massive claims (Climatewire, March 21).
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btw, I for one, will be curious to hear RDS' comments on the campaign trail when the issue of "Climate Change" is brought up...meanwhile, what are your comments?

P.S. For those fortunate to have a NYT subscription, there is an excellent article on this topic in today's issue.


Link: https://www.scientificamerican.com/article/climate-change-is-destabilizing-insurance-industry/