Insurer exits a coastal market, citing climate exposure
The map of insurability keeps shrinking.
Observers describe a mood of cautious optimism, the kind that travels in private conversations long before it appears in any press release.
The numbers tell part of the story. The rest lives in the texture of how people are actually behaving when no one is watching.
Critics raise familiar objections, and some of them land. The honest answer is that the tradeoffs are real and worth naming.
Skeptics point to the long history of premature declarations. Their caution is earned, and worth keeping close at hand.
Outside the room, the response has been faster, messier, and considerably more interesting.
What makes this moment unusual is not the size of the move but its shape. The curve bends in a way that resists easy analogies.
