Peter GleickJun 2, 2023

Allstate has joined State Farm in refusing to issue new homeowners insurance.

Do you realize the economic consequences of this threat of climate change? New homeowners will be unlikely to get new mortgages without insurance, and the costs will skyrocket.

Climate changes are going to have economic consequences far exceeding what traditional economists ever predicted.

#climatechange

https://www.sfchronicle.com/california/article/insurance-allstate-fires-18130622.php

Allstate has quietly stopped new home insurance policies in California

Allstate, one of the largest property and casualty insurance providers in California, hit pause on new policies in California last year.

San Francisco Chronicle
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@petergleick

And far sooner.

Also, this will likely be the first significant series of events in which 'Big Business' is made to directly face climate change.

What Big Business must face, so must the conservative, love it or not.

Jun 2, 2023 at 2:06pmWeb