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A Vital Industry Is FLEEING California, Florida Due To Climate Change

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California homeowners are running out of options for home insurance as major companies are pulling out of the state due to climate-change fueled weather concerns. Ana Kasparian discusses on The Young Turks. https://shoptyt.com/collections/justice-is-coming

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Read more HERE: https://www.levernews.com/insurers-exploit-climate-crisis-to-gut-consumer-protections/

"In the last two months, three of the country’s largest home insurers have announced plans to limit new business in California, citing rising costs in a state where climate-fueled wildfires have become a fact of life. Homeowners already bracing for extreme weather this summer now face another threat: that their homes will become uninsurable, making it nearly impossible to rebuild or relocate should disaster strike.

Yet as insurers demand higher rates and cancel policies amidst intensifying climate risks, they’re actively contributing to those risks. The three groups planning to limit or cease new business in California — Farmers Insurance Group, State Farm, and Allstate — also hold nearly $40 billion in fossil fuel investments, according to a Lever review of the most recent data reported to state regulators."

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230719__TA03_State_Farm
Category
Europe
Tags
230719__TA03_State_Farm, News, Politics
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