“We are fast approaching temperature levels – 1.5C, 2C, 3C – where insurers will no longer be able to offer coverage for many of these risks,” he said. “The math breaks down: the premiums required exceed what people or companies can pay. This is already happening. Entire regions are becoming uninsurable.” He cited companies ending home insurance in California due to wildfires.

This is either a call for governments to start subsidising insurance premiums, or a way of grabbing attention to the risk management company this guy is part of. His entire analysis for why climate change will make capitalism enviable is that insurance premiums will rise too much. But not being able to afford insurance is the last thing you will notice after having your food production and energy systems decimated.