Insurance policy — The Present.
Policyholder: future generations.
Insurer: the market.
Policy no. 1. Valid: continuous, non-terminable.
Insurance price index
279.1
+179.1 % since 1998
base 1998 = 100
§ 1 — Insured peril.
The subject of insurance is the climate catastrophe.
§ 2 — The premium.
The insurance price index stands at 279.1 points (base 1998 = 100).
The premium has risen by 179.1 % since 1998.
Source: U.S. Bureau of Labor Statistics, PPI Hausrat-/Wohngebäudeversicherung (PCU9241269241262), via FRED, retrieved 2026-06-20 04:00:27 UTC. Licence: Public Domain (BLS).
§ 3 — Claims history.
In 2024, 27 disasters exceeding one billion US dollars each were declared — total loss 182.7 bn US dollars, 568 dead.
Cumulative loss since 1980: 2,917.6 bn US dollars.
Source: NOAA NCEI, Billion-Dollar Weather and Climate Disasters, retrieved 2026-06-20 04:00:27 UTC. Licence: Public Domain (NOAA), DOI 10.25921/stkw-7w73.
§ 4 — Ongoing settlement.
Most recently settled flood claims (sample of 1,000): 9,742,993 US dollars.
Source: FEMA OpenFEMA, NFIP Schadenzahlungen, retrieved 2026-06-20 04:00:27 UTC. Licence: Public Domain (FEMA).
§ 5 — Exclusion.
For growing areas, coverage is no longer offered. Non-renewals (California, as of 31 December 2023): 2,800,000.
Source: California Department of Insurance, Non-Renewals by ZIP, retrieved 2026-06-20 04:00:27 UTC. Licence: öffentlich (CA DOI).
§ 6 — Deductible.
The deductible is borne by those without a policy.