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Wildfires spread after lightning strikes in British Columbia, Canada, on July 01, 2021.

ABACA via Reuters

Are parts of Canada and the US uninsurable?

One of Eurasia Group’s Top Risks is El Nino, the climate warming event that is triggering storms, floods, and fires and helping make this the warmest year on record. This will come as no surprise to most of you, who are either prepping for a weather event right now or having flashbacks to choking on smoke from the Canadian wildfires. The politics of climate change get repetitive and, frankly, can be boring— “yeah, yeah, we need to do something about global warming, but dude, have you seen the cost of housing these days …” Fair point. which is why the connection between the real cost of weather events and housing is so critical to keep in mind.

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Insurance companies are feeling the heat of climate crisis
Insurance companies are feeling the heat of climate crisis | GZERO Media

Insurance companies are feeling the heat of climate crisis

To understand how bad the problem of climate change has become, it helps to follow the money.

On GZERO World, Ian Bremmer breaks down the impact of climate change on property insurance premiums, which effectively quantifies the growing risk of catastrophic weather events. Last year alone, extreme weather damage cost the world a staggering $165 billion. Formerly once-in-a-generation weather events like the California wildfires of 2017 or Hurricane Harvey in 2018 are becoming more and more common, leading to devastating financial consequences for homeowners and hikes in insurance premiums.

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More unmanned attacks on the Kremlin?
Putin it out there: Robocalls | PUPPET REGIME | GZERO Media

More unmanned attacks on the Kremlin?

In the latest episode of his public-access AMA show Putin' it Out There, Russia's president gets swarmed. #PUPPETREGIME

Watch more PUPPET REGIME!

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