The Gunas of Gardi Sugdub are the first of 63 communities along Panama’s Caribbean and Pacific coasts that government officials and scientists expect to be forced to relocate by rising sea levels in the coming decades.
It’s already a problem they are ignoring. Property insurance costs are becoming untenable and new insurers leave the state entirely every year. People will be forced out of those areas due to costs alone long before the sea engulfs them. You can’t get a mortgage for a property nobody will insure.
It’s already a problem they are ignoring. Property insurance costs are becoming untenable and new insurers leave the state entirely every year. People will be forced out of those areas due to costs alone long before the sea engulfs them. You can’t get a mortgage for a property nobody will insure.
The hypocrisy of corporations amuses me in those situations.
Corporations: everything is peachy keen! The environment will be just fine. Trust us!
Homeowners: great! Getting home insurance won’t be a problem, then.
Corporations: are you nuts? It’s way too risky!
Ahh yes, the massive driver of climate change… insurance policies.
Insurance companies often force positive change long before regulators or lawmakers get off their asses.