Parts of the world are becoming uninsurable: insurers claim.

FT:  The speed at which the oceans are warming is threatening insurers’ ability to sell affordable policies in a growing number of places around the world. Regions already facing “a risk environment that is uninsurable” include Parts of the UK and the US state of Florida, says the global insurance industry trade body, the Geneva Association.The cost of Superstorm Sandy now stands at c $65 bn.
Munich Re reports the number of weather catastrophes worldwide has risen noticeably over the past 30 years: numbers of storms, floods, heatwaves, droughts and forest fires are up from about 300 a year in 1980 to about 900 in 2012.