this post was submitted on 03 Feb 2025
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I mean, this has nothing to do with climate change and more to do with insurance companies raping every dollar they can out of people's wallets. They would have been doing this anyhow. These areas were already getting hit annually with hurricanes, tornadoes, etc.
This isn't insurance companies, the LA fires alone cost $250 billion, ~the gdp of new Zealand. Even if we abolished insurance companies someone's gotta pay for that. In that vein a lot of insurance companies are abolishing themselves, either going under or just leaving the state because Californiais a net loss to most companies, not a profit. So more people go on state insurance which is very expensive, not because the state is "r*ping you" but because it's a pool of houses highly likely to be burned down or flooded in the next decade and you have to have high premiums to cover that.
The problem is climate change and the increasing disasters it's causing. The article even says that premiums are still too low to account for this.
The LA fires "cost 250 billion" because of the stupid inflation on a buildings value. It's as simple as that.
Insurance companies are pulling out of home insurance markets in certain states because climate change has made them uninsurable. Many places are facing things they rarely if ever witnessed eg I have seen more tornados in NJ, which most years sees zero tornados, from 2014-now than from 1974-2013.
Climate change is real.
Climate change IS real...but it's not why these insurance companies are doing what they're doing.
Did you think I was denying climate change or something? Do you really live your life like this? Thinking that everyone is out to deny basic realities?
Today's "Tornado Alley" isn't seeing any insurance rises in that graph, so your anecdotal evidence doesn't even play out.
Insurance companies have historically always announced pull-outs in areas that have been hit by weather disasters. This isn't new.
I live in America where climate change denial is common. You made a comment about how this has nothing to do with climate change and this is about insurers screwing people out of money. That's not correct IMO but can you see why I thought you were engaging in denialism?
It IS about insurers screwing people out of money, because historically they've ALWAYS done this. Any places ravaged by disaster they pull out of, raise prices on. This has been a commonality since the advent of insurance agencies.
This is a very Correlation != Causation argument here. Not denialism.
No? That's actually fairly recent. Unless you live in a declared disaster zone you typically could get insurance. Entire states being uninsurable is new. Insurers are pulling out of states like FL and CA because they could not afford to cover the claims when another disaster hit.
This has more to do with the incredible cost of housing rather than climate crisis though. Yes, the frequency of these things is increasing - but NOT anywhere near the same degree as property values skyrocketing and causing the 'repair cost' to go up as well.
I understand that in the long run, it's a good thing to attribute this to the climate crisis - so long as it gets people to change their habits, it could be considered morally righteous.
But the factual reality of it, is that climate doesn't play a large part in the reasons for them doing this. And I, for one, am tired of living in this reality where things are just convenient, but not necessarily true. I am very scientifically minded, and I thrive on information being correct and accurate.
All policies have nothing to do with climate change more to do with companies raping every dollar they can out of people's wallets. That includes the C02 tax scam.
Especially the "Carbon Sinking" efforts where people are claiming they're taking carbon dioxide and pumping it deep underground. That shit's such a fucking scam and a half...