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Is the world becoming uninsurable?

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Insurers operate in the real world, and their decisions to pull out of entire regions, reduce coverage and increase premiums are all responses to soaring losses, a reality reflected in these charts. "Even before this week’s wildfires, officials in the region had warned that the California FAIR plan, a state-run insurer of last resort that has increasingly become a main source of coverage for residents, was "one bad fire season away from complete insolvency." The early 1600s were an era of global crises, conflict and collapse, largely driven by cooler weather that reduced crop yields and thus the caloric intake of people, leaving them more prone to succumbing to disease and more willing to overthrow their rulers.

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