{"id":418358,"date":"2025-12-23T12:27:22","date_gmt":"2025-12-23T11:27:22","guid":{"rendered":"https:\/\/climatescience.press\/?p=418358"},"modified":"2025-12-23T12:27:24","modified_gmt":"2025-12-23T11:27:24","slug":"the-climate-risk-industrial-complex-and-the-manufactured-insurance-crisis","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=418358","title":{"rendered":"The Climate-Risk Industrial Complex and the Manufactured Insurance Crisis"},"content":{"rendered":"\n
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<\/a>From The Honest Broker<\/a><\/p>\n\n\n\n

By Roger Pielke Jr.<\/a><\/p>\n\n\n

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A new THB series – Part 1, Origins of a “Crisis”<\/strong><\/p>\n\n\n\n

We\u2019ve all seen the headlines \u2014 such as the below \u2014 loudly proclaiming that due to climate change the insurance industry is in crisis, and even that\u00a0total economic collapse may soon follow<\/a>. For instance, since 2019, the\u00a0New York Times,\u00a0<\/em>one of the primary champions of this narrative, has published more than 1,250 articles on climate change and insurance.<\/p>\n\n\n

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Climate advocates have embraced the idea of a climate-fueled insurance crisis as it neatly ties together the hyping of extreme weather and alleged financial consequences for ordinary people. The oft-cited remedy to the claimed crisis is, of course, to be found in energy policy<\/a>: \u201cThe only long-term solution to preserve an insurable future is to transition from fossil fuels and other greenhouse-gas-emitting industries.\u201d<\/p>\n\n\n\n

However, it is not just climate advocates promoting the notion that climate change is fundamentally threatening the insurance industry. A climate-risk industrial complex has emerged in this space and a lot of money is being made by a lot of people. The virtuous veneer of climate advocacy serves to discourage scrutiny and accountability.<\/p>\n\n\n\n

In this series, I take a deep dive into the \u201ccrisis,\u201d its origins, its politics, and its tenuous relationship with actual climate science.1<\/a> Today, I kick things off by sharing three fundamental, and perhaps surprising, facts that go a long way to explaining why insurance prices have increased and who benefits:<\/p>\n\n\n\n