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Homes around the world could become uninsurable

2022-05-22T17:16:56.167Z

DECRYPTION - About 40% of insurers see climate change as a top priority, with insurability and profitability being the main issues.



At the beginning of May, near Los Angeles, twenty luxury properties burned down in a few hours.

In question, a brush fire born of drought and fanned by the Pacific wind.

In 2021, more than 58,000 forest fires devastated an area equivalent to Normandy in the United States.

And, within thirty years, one in two Californian houses is at risk of burning down.

In the United States again, 38% of counties will suffer from a water shortage in 2050, predicted the agency S&P Global Ratings in 2020.

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Climate-related disasters threaten the whole world.

Australia, recently devastated by floods, is also suffering from increasingly violent winds and bushfires.

As a result, half a million homes in the country, or one in 25, will suffer so much damage that they will become uninsurable by 2030, warns the independent organization Climate Council.

Damage insurance

Floods affect almost a third of the world's population.

They should be watched as much as hurricanes

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Source: lefigaro

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