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Center for International Environmental Law
@ciel.org

🚨 Insurance insiders are speaking out about what their industry says behind closed doors on the climate crisis: bit.ly/4ypNOMj Their memo echoes what CIEL and partners have long warned: insurers are passing climate costs onto the public as homes and key businesses lose coverage. 1/4 🧵

bit.lySounding the Alarm | Ein Warnruf | Tirer la Sonnette d’Alarme — Inside TrackEinen Link zum Memo in deutscher Sprache finden Sie unterhalb des Textes. Vous trouverez ci-dessous le lien vers la note en français. A link to the English language memo can be found below th...
Center for International Environmental Law
@ciel.org

📈 The industry’s own models show climate damages rising. Yet insiders say too little is done to warn governments and the public. Worse: in some firms, modelers are told to give projections a “haircut” and “manage down the numbers” to keep deals flowing. 2/4

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Center for International Environmental Law
@ciel.org

🙅 Insurers have an exit plan: reprice, restrict, then withdraw coverage, getting out before the costs land on them. The memo says this has already begun and will now accelerate. When insurers walk away, communities and governments are left holding the bill. 3/4

Center for International Environmental Law
@ciel.org

🏚️ Insiders warn that if many homes lose insurance, people can’t get mortgages. That could set off a financial crash like the one in 2008. Big Oil and its financial enablers can’t keep profiting from climate chaos while communities pay. 🔄 Share and tell your government: make polluters pay! 4/4