When the Insurer Leaves Town: How the Climate-Driven Insurance Collapse Is Setting Up America's Next Great Wealth Catastrophe
Across California, Florida, Louisiana, and beyond, major insurance carriers are canceling policies and exiting markets at a pace that is quietly detonating property values in climate-vulnerable communities. For working-class and minority homeowners who cannot sell, cannot borrow against uninsured property, and cannot rebuild after disaster without coverage, the insurance exodus is not an inconvenience — it is a slow-motion wealth confiscation. Without federal intervention that treats climate ris