The Insurance Bureau of Canada (IBC), for one, may disagree:
* https://thepointer.com/article/2025-08-02/ontarians-are-payi...
* https://www.insurancebusinessmag.com/ca/news/catastrophe/can...
* https://www.lexpert.ca/news/finance-law/insurance-bureau-of-...
* https://www.ibc.ca/news-insights/in-focus/canadian-governmen...
It sounds a bit like the "Boots theory" of Discworld [0].
> insurance rates are often highly subsidized by federal government and actually a really good bargain
This feels a bit inconsistent with your previous comment about living in Tornado Alley being "not exactly a bargain".
What do you think about studies like this [1] which find a correlation between economic disparity and tornado risk?
[0] https://en.wikipedia.org/wiki/Boots_theory
[1] https://www.sciencedirect.com/science/article/abs/pii/S01660...
It's hard to get a good measure of damage caused by climate change. There are much touted statistics that say billion dollar weather events are more common than ever, but that's mainly due to things being more expensive and increased development (i.e. beach front properties)
A more objective measure, although no perfect, is deaths caused by climate events. If climate events were more catastrophic over time, you would expect deaths to go up somewhat proportionally. To my knowledge, there haven't been major advances in rescue technology in the last 50 years or so.
But we see this number has come down pretty drastically over the last 150 years. In the US it has also come down or stayed about the same
https://www.statista.com/statistics/1269715/global-reported-...
https://ourworldindata.org/grapher/fatality-rates-in-the-us-...