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How do insurance companies react to increasing forest fires and extreme weather due to climate change?

Simply exclude citizens from at-risk areas from insurance?

29.06.2021 Author: Isolde Moussot Original language: de Translator: Isolde Moussot

In California, at least 2.1 million homeowners in wildfire-prone areas could now lose their home insurance. In Germany, insurance companies can

deny insurance coverage altogether for homes that have been flooded several times in recent years, for example.

In addition, insurance companies in Germany classify the location of houses into hazard classes. The higher the hazard class, the higher the insurance premiums.

Millions of Californians face losing insurance on homes in wildlife-pr