Due to the reality of climate change natural disaster insurance is going to become increasingly expensive and in many cases unaffordable if not unobtainable.

The Libertarians who deny climate change perhaps do not realise how this will affect the highly financialised economy of most western liberal democracies who have all become increasingly dependent upon debt funded unproductive property price speculation.

Without Insurance the neoliberal FIRE (finance, insurance real estate) economy implodes.