Full toot:

When I talk about capitalism collapsing under the weight of the climate catastrophe, I mean things like this:

“Insurers providing policies to homeowners were hit with a $15.2 billion net underwriting loss last year, according to figures from rating agency AM Best, saying that the figure was the worst since at least 2000 and more than double the losses since the previous year.”

https://www.reuters.com/business/finance/us-home-insurers-suffer-biggest-loss-century-2023-ft-says-2024-07-28/