The insurance industry is exacerbating the climate crisis

California created an insurer of last resort in 1968 , the California Fair Access to Insurance Requirements ( FAIR ) plan, following a spate of brush fires and riots in the state over the decade .

But as fires increased in size and cost in recent years , standard insurers stopped offering new policies.

A $1 billion bailout is planned, half paid for by higher insurance premiums, and half paid by insurers.

Insurance industry once aimed to stabilise the economy, but today it is amplifying the risks of climate change.

UK ’s position in the global insurance market means policymakers here can help change this.

The government has a mandate, and parliament has the power to intervene.

With extreme weather affecting everyday life in the UK , there is no time for delay.