MGAKempMay 27, 2023
Peter Gleick

I've said it before and I'll say it again.
Climate deniers can claim any nonsense they want, but it's the insurance industry that will bring the reality of climate change to your doorstep. And your pocketbook.
#climate

https://www.wsj.com/articles/state-farm-halts-home-insurance-sales-in-california-5748c771

State Farm Halts Home-Insurance Sales in California

Insurers have faced higher costs and wildfire risks

WSJ
May 27, 2023 at 5:43amWeb
Show threadChris Alemany🇺🇦🇨🇦🇪🇸May 27, 2023
@petergleick yup. I have been trying to convince my local municipal government of this for years. “You really want to redevelop that waterfront, zero elevation property built over a filled in estuary? With climate change, sea level rise, extreme rainfall events (and a Tsunami zone)…. How sure are you the developer is going to be able to get insurance? Who will be left holding the bag after the first disaster, the second, the third in a span of 20 years?
Show threadJoe ❌👑May 27, 2023
@petergleick Federal flood insurance. Wealthy owners of coastal property will stick the taxpayers with the bill.
Show threadChris BMay 27, 2023
@petergleick wow, the disdain for the public is breathtaking.
Show threadJan-Peter SiedentopfMay 27, 2023
@petergleick “With the UN climate change conference, or COP27 as it is known, taking place from November 6-18, it is a good time to ask how people deal with the complex topic of climate change. Do they understand that climate change represents an imminent threat to their livelihoods and environments? Do they care enough to act? What actions lead to change?” https://www.allianz.com/en/press/news/commitment/environment/221104_Allianz-From-climate-literacy-to-climate-action.html
Allianz | The road to change: From climate literacy to climate action

With the UN climate change conference, or COP27 as it is known, taking place from November 6-18, it is a good time to ask how people deal with the complex topic of climate change. Do they understand that climate change represents an imminent threat to their livelihoods and environments? Do they care enough to act? What actions lead to change?

Allianz.com
Show threadJan-Peter SiedentopfMay 27, 2023
@petergleick Short answer? NO
Show threadToni M.May 27, 2023

@petergleick

it is not going to be the insurance industry alone, it is (or will be soon) the food and water industry and many others to follow with raising prices due to shrinking availability and offerings, be it directly or indirectly...

#climate #klimakatastrophe

Show threadKathy E. Gill 🇺🇦May 27, 2023

@petergleick

Yes, but.

Look at North Carolina.

Federal $ to rebuild beaches.
Reject reports predicting sea rise.
Subsidizing wind insurance

And FEMA: why are we still rebuilding instead of relocating? We need new floodplain maps.

Our species is very shortsighted. 🙁

https://www.terrain.org/2020/nonfiction/beach-subsidy/

Beach Subsidy - Terrain.org

Terrain.org
Show threadMark OheMay 27, 2023
@petergleick
Agreed. And not just California. From personal experience it's happening in Florida too.
Show threadDouglas Phillips BooksMay 27, 2023
@petergleick all those woke insurance agents are ruining everything!
Show threadMad Dog Ace RunMay 27, 2023
@petergleick
I have a friend who sells insurance and we have already talked about this very thing...
Show threadWarmth HighestMay 27, 2023
@petergleick i'm like 20 minutes by car from the beach and can't get homeowners insurance - nothing will convince climate change deniers though - not even their own devastation
Show thread🥥 Tucker Carlson's Nuts 🥥May 27, 2023
@petergleick 🥥 Tell me about #ClimateChange being revealed by #insurance premiums, Peter. My home insurance premium has doubled since 40% of our town went up in flames 2 years ago. 🥥
Show threadRenee DiRestaMay 27, 2023
@petergleick I agree. insurers have largely avoided similar dynamics in public health - even pre-Covid, as measles began to come back, which was interesting.
Show threadAlMay 27, 2023
@petergleick And the ones that are still selling are putting in lots of new requirements in order to maintain coverage
Show threadKevin LeecasterMay 27, 2023
@petergleick
Follow the money
Show threadSwivelableMay 27, 2023

@petergleick

OK, so you say you don't believe in #Climate change,

then let's just call it really expensive #weather patterns.

Either way, we should pay attention and plan ahead
https://cnn.com/2023/01/10/weather/billion-dollar-weather-disasters-noaa-climate/…

Extreme weather has cost the US more than $1 trillion in the past seven years, feds report

Show threadSteveBolognaMay 27, 2023
@petergleick Florida is living this nightmare right now. Insurance companies are leaving in droves and some have bumped rates to a thousand dollars a month for a small house. Vote Blue
Show threadansible42May 27, 2023
@petergleick they should charge large cars and houses more in order to discourage people from buying them and making the problem worse
Show threadJoeChipMay 27, 2023
@petergleick
At some point re-insurance schemes will come up short, and govts will be forced to intervene. But on whose behalf? Those with political power, of course. The rest will be inducted into the army of the homeless.
Show threadShield MaidenMay 27, 2023
@petergleick Insurance companies are definately the canary in the coal mine...they know, they're prepared and they'll make us pay.
Show threadFan of Shared Truth & EmpathyMay 27, 2023
@petergleick @shansterable This is capitalism. Now do guns.
Show threadJMaverickJacks1May 27, 2023
@petergleick I’ve been expecting that for years in places that are prone to manmade disasters.
Show threadTheRebelJesusMay 28, 2023

@petergleick

True. That's why Chomsky reads the Financial Times: when it comes to money, business needs the facts. But when it comes to existential climate change, business does little or nothing.

Show threadChristian WilmsMay 29, 2023
@petergleick French vineyards were beginning to get very nervous about their future nearly twenty years ago. If you looked at the folks who needed to manage their risk, there was never a doubt that climate change is real.
Show threadGretchenJun 4, 2023
@petergleick State Farm has $30B in fossil fuel investments. Allstate has $7B. Why is nobody talking about this?!?
https://interactive.web.insurance.ca.gov/apex_extprd/f?p=260:40:8223177807553::NO
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