Calamitous

Florida, while extreme, reflects a national collision between increasingly calamitous weather and the insurance industry. Caught in the middle are homeowners, though investors could benefit as insurers increase prices, lifting revenue and potential profits.

Nationwide, costs are rising as insurers try to price in losses from more-frequent and unpredictable storms, wildfires, and other effects of climate change. Inflationary pressures, combined with population growth in susceptible areas, are making insurance costlier for everyone.
–Barron’s