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.
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.
It’s both? The insurers still cannot afford another massive hurricane around Miami.
Sure they can. Insurers buy insurance themselves. “Afford” to them means “If we can’t profit over 200b this quarter, line don’t go up”.