We’ve had a great summer here in the Boston area. But the relentless fires, storms and weather extremes across the rest of the country should have us taking stock of our own vulnerabilities. The insurance industry has already come to its own conclusions: the future is looking expensive.

Minuteman Health, an insurance company serving residents of Massachusetts and New Hampshire, went into receivership this week after the Division of Insurance found that it did not meet tests for financial stability. So what happens when an insurance company goes bankrupt?