Damage wrought by accelerating climate change has led to most insurance firms filing for bankruptcy.* In the United States, widespread flooding has resulted in hundreds of billions of dollars' worth of damage. Coastal cities are particularly badly hit. Much of the infrastructure in the southern states has been destroyed by category 5 hurricanes, with Houston and New Orleans lying virtually abandoned. Along the west coast, gigantic fires spread by the tinder-dry ground have ravaged much of the land. The economy of California is in tatters. Many of the biggest insurance firms have been nationalised by the government in a bid to avert economic collapse.

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