With little regard for the long-term risks, insurance companies continue to invest in fossil fuels. (Credit: 3DSculptor/Shutterstock)

The insurance industry is built on trust. Homeowners pay their premiums each month with the understanding that they can trust their insurer to help them recover when disaster strikes. Now, this confidence is being tested like never before as increasingly destructive and frequent climate events have left homeowners facing higher insurance premiums, less comprehensive coverage and, in some areas, the inability to find coverage at all.

Behind the current crisis lurks a betrayal of this trust: Insurance companies are funneling a staggering amount of money into the very industry driving these disasters.

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Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].