Inside the Dike
by Don Piett
I've written before about climate change and global warming.  I know some people don't trust the science and the climatologists who preach climate change and insist that it is an existential crisis for us.

Well, you no longer have to believe the scientists.  Someone else has spoken up on the subject and they will not be ignored.  This is an industry that deals in large numbers and likely employs more statisticians than any other. 

This is the insurance industry, and they are worried and vote with their feet. In some parts of the US, home insurance is hard to find because the risks are too high and it isn't good business.  The companies are blaming it on climate change.

I have been reading for some time now that Florida has seen insurance companies leave due to the rising costs of major storms.  Oregon and California have had large wildfires and now insurance companies either are not issuing new policies or leaving the market as the risks outweigh the money coming in from premiums. The companies that have stayed in these markets have increased premiums and deductibles are rising.

According to an article in the Winnipeg Free Press, last year insurers paid out more than the charged in premiums in 18 states.  They are Arkansas, Colorado, Georgia, Hawaii, Iowa, Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Mississippi, Ohio, Oklahoma, Tennessee, Utah, Washington, and Wisconsin. These states are not just on the coast where large storms can be expected, or in the west with their forest fires, but many of these states are in the Midwest heartland. 

Bill Montgomery, Chief executive of Celina Insurance Group told the New York Times "Climate change is real. We can't raise rates fast enough or high enough."

This is all in the USA, but the effects do not stop at the border.  We all face rising premiums and, in some cases, a limited choice in companies willing to insure your property. 
This is yet another obstacle faced by buyers in the housing market.  To qualify for a mortgage, financial institutions insist the homeowners carry property insurance.  As this gets more expensive, or even unattainable, it will affect the real estate market. 

This is the real world, and it will affect us all.  We have been warned for years that climate change would affect everything.  Unfortunately, there is not a lot that we can do to slow the change.  The scale this is operating on is literally global and we are not good at working together to effectively change the world.
I have seen claims online that Canada doesn't need to reduce our use of fossil fuels because we have massive forests over much of the country and these trees absorb more CO2 than we emit.  I don't know whether this is true or not, but it misses the point anyhow.  This crisis is global and the effects do not stop at political borders.

I am a total hypocrite on this subject as I don't drive an electric vehicle and I heat my home with natural gas.  But I do believe that climate change and global warming is real and caused by human activity.