Dean Baratta بطبطبطAug 31, 2023

"From 2019 to 2022, payouts to homeowners there more than doubled, but premium revenue from customers increased by only a third."

A lot of people may still not be interested in #climatechange but insurance companies increasingly are...and that means getting homeowners #insurance is going to be increasingly difficult (and maybe impossible) in some places.

https://www.theatlantic.com/ideas/archive/2023/08/home-insurance-costs-wildfires-floods-weather/675141/

What Your Insurer Is Trying to Tell You About Climate Change

Insurers are trying to send a message. The government is trying to suppress it.

The Atlantic
Show threadBarbara Monaco
@TwShiloh Just found out that my home insurance will increase by 50% in the coming year. Nothing else will change. Began to shop around only to find that many of the largest insurers will not write new policies in California.
I am not in a disaster prone area of the state, but that doesn't matter.
Pretty much stuck with current insurer and outrageous premium increase.
Aug 31, 2023 at 6:32pmWeb
Show threadDean Baratta بطبطبطAug 31, 2023
@Barbramon1 Ugh...I suspect we're going to see this more and more throughout the country
Show threadBarbara MonacoAug 31, 2023
@TwShiloh Luckily I can (reluctantly) afford the increase. Many will have difficulty or find it impossible. Recently read that 80% of homes in CA are underinsured. It's a slow moving disaster.
Show threadArena Cops 🇺🇦✌Aug 31, 2023

@Barbramon1 @TwShiloh That's really troubling. People shouldn't be forced to choose between leaving their homes either due to climate-change-caused wildfires or insurer-induced unaffordable premiums.

#SaveLives #SaveThePlanet #GreenhouseGasKills #CarbonEmmissions #GlobalHeating #Wildfires #Floodings #FreeFromFossilFuels