#Insurance / #Uninsurability catastrophe: One thing I would like to clarify, however: Climate change only provides the impulses (#ExtremeWeather) – the #Catastrophe arises from known weaknesses in the U.S. #FinancialSystem (e.g., excessive #ConsumerCredit in the 🇺🇸 ) !
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To break the spiral of uninsurable climate losses, we must tackle its root cause – underinvestment in resilience and transition.
Read the report 👇
📘 www.finance-watch.org/policy-porta...
#InsuranceRegulation #uninsurability #investmentcrisis #ClimateRisk #breakthedoomloop #safetransition
