Chamath predicted that as climate change worsened, suburban and far-flung communities would be disproportionately damaged and their viability undermined because insurers would increasingly refuse to underwrite climate risks. Since 2021, research has shown that climate-amplified wildfire danger is now acutely threatening cities and suburbs once thought safe; about 115 million Americans, many in urban and suburban areas, are now in zones that could face catastrophic fires, driven by hotter, drier conditions and expanding development into the wildland–urban interface (WUI). (theguardian.com) Insurers are in fact retreating from these high‑risk areas. State Farm, the largest US home insurer, stopped issuing new homeowners policies in California in 2023, explicitly citing wildfire catastrophe exposure and rising costs, and other major carriers have similarly paused or severely limited new business while raising premiums. (en.wikipedia.org) A US Senate Budget Committee analysis found hundreds of thousands of homeowners in California lost coverage between 2018 and 2023, with the highest nonrenewal rates concentrated in rural and small‑town counties in the Sierra foothills and other fire‑prone regions – exactly the kind of exurban and WUI communities Chamath described. (sfchronicle.com) Where private insurers pull back, many households are pushed into bare‑bones state backstops or go uninsured: enrollment in California’s Fair Plan (the insurance of last resort for those unable to secure private coverage) has nearly doubled since 2023 to more than 600,000 policies by mid‑2025, and insurance problems caused roughly 13 percent of California home sales to fall through in 2024, signaling direct damage to local housing markets and community viability. (sfgate.com) In Florida and other hurricane‑exposed regions, sustained climate‑driven losses and insurer exits have contributed to such high premiums that about one in five homeowners now forgo property insurance altogether, again indicating that the availability and affordability of coverage is becoming a binding constraint on living in vulnerable coastal and exurban communities. (axios.com) Legal and policy scholarship now explicitly describes a rapid insurance retreat, as many major insurers exit high‑risk states or sharply curtail coverage where climate‑exacerbated disasters make some locations effectively too vulnerable to insure, leaving state programs and taxpayers to absorb growing risks. (scholarlycommons.law.emory.edu) While not every suburb or far‑flung community has yet become uninsurable, the core mechanism Chamath described — climate‑driven damage falling heavily on such areas as private insurers increasingly refuse or sharply limit underwriting of those risks — is clearly visible and already reshaping housing, insurance, and local fiscal realities, so the prediction is directionally right rather than premature or disproven.