Capitalists are not your friends. Stop licking their boots. They'd push under a bus without thinking twice about if it meant not having to pay you a premium. #capitalists #insurence #socialism #business #profit

"Home insurers cut natural disasters from policies as climate risks grow …

'When you see the insurance companies pulling out en masse because the cost of rebuilding homes in Florida is bankrupting them,' said Ben Jealous, executive director of the Sierra Club, 'it’s either hubris or folly to think the state wouldn’t be bankrupted stepping in to help.'"

https://www.washingtonpost.com/business/2023/09/03/natural-disaster-climate-insurance/

#ClimateCrisis #Insurence

Home insurers cut natural disasters from policies as climate risks grow

Major insurers say they will cut out damage caused by hurricanes, wind and hail from policies underwriting property along coastlines and in wildfire country.

The Washington Post

Insurance Giant Chubb Praised for Ban on Underwriting Arctic Refuge Drilling
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While a Gwich'in Steering Committee leader said the policy "is a first for the American insurance industry and shows leadership to protect sacred lands," Chubb's board opposes climate and human rights shareholder resolutions....
https://alaska-native-news.com/insurance-giant-chubb-praised-for-ban-on-underwriting-arctic-refuge-drilling/67282/
#insurence #chubb #underwriters #willow #oil #gas #anwr

Insurance Giant Chubb Praised for Ban on Underwriting Arctic Refuge Drilling - Alaska Native News

While a Gwich’in Steering Committee leader said the policy “is a first for the American insurance industry and shows leadership to protect sacred lands,” Chubb’s board opposes climate and human rights shareholder resolutions. An Indigenous organization on Monday applauded Chubb for joining global insurers and major banks in refusing to underwrite new fossil fuel development within the […]

Alaska Native News