The climate crisis is posing a significant threat to the insurance industry, with natural disasters becoming more frequent and severe. In California, wildfires have caused billions of dollars in damages, leading to soaring insurance premiums and companies pulling out of the state. In the UK, the risks of flooding are increasing, putting properties and lives at risk. While some initiatives, like Flood Re, have been put in place to address these issues, there is still a long way to go in finding a sustainable solution. The future of disaster insurance is under threat all over, and the consequences for homeowners, the financial system, and where humans can live will be profound if nothing changes.