Ask yourself how many banks stoped loaning, developers stop developing, insurance companies won't insure any ocean front property anywhere in the world.
Any questions ?
Or, ask yourself which of our military branches have programs in place and are spending serious money right now due to climate change, The answer would be, all of them.
Banks will lend money and insurance companies will write policies wherever they think they can make money. They just raise their prices. We have good friends in Florida who own multiple residential properties on the southeast coast there, the keys, and in the Bahamas.
They are shrewd business-people. They stopped paying the high premiums because they figured it was cheaper to just repair the damage, when it happens.
And if a bank lent them money for a mortgage and the property got blown away a day after closing, the bank would get paid.
