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www.economist.com/finance-and-...

Capitalism dictates that profit must be put first If a company pays more or produces less they can be sued for lost profits by shareholders Capitalism dictates we wipe out life on earth for profit none of us see any of Revolution or extinction it's time to choose

Seem like the American people are be penalized for the government failure dealing with climate change and healthcare

Sue 'em all, just the tobacco industry.

You should watch the movie Chasing Ice done by photographer James Balog. The time lapse was only 7-10 years and a lot is melting.

An excellent question.

"We’re never going to bend the curve of ever-rising insurance costs" is the sentence most likely to give insurance CEOs and the representatives their lobbies own an instant boner.

California too due to wildfires. I wanted to buy a lot in Paradise (see Camp Fire November 2018) and found out the people rebuilding are having a hard time getting insurance and if they do, it’s too expensive.

🤣😂

you know who requires people to have insurance?...insurance companies you know who denies people insurance?...insurance companies

I would like to add the AI BUBBLE may also be a contributing factor. Not every billionaire needs their own AI. Our land is dying enough without it's contributions of having a data center every mile in every direction.

I was so angry about that.

SCOTUS isn't at the top of the list. Voters are. The election shouldn't have been close. Same problem with the last election - Trump over Harris? Really? Good lord ...

Good old Chad from Florida. Motherfuckers always just hanging around causing problems.

SCOTUS most of the time slows, even reverses progress for majority of people to preserve stolen property and profits of wealthy & powerful. That’s why we still have things like the dastardly 2 senators per state corrupt representation

We need WOMEN in charge

If oil companies were run by average 20-somethings instead of mega-rich 60-somethings, there would be change. After all, the mega-rich 60-somethings know they can avoid the increasing damage now, and will be dead before the planet becomes uninhabitable ... so who cares, right?

Big oil has been lying and throwing money at politicians for decades. I watched a 4 part series on global warming (YT, but I think PBS made the documentary). They’ve been fucking the planet over for years😒

Here in Charleston SC the sea level will rise by one foot in just 25 years! I’m leaving before my house becomes worthless.

My dear DEAR child, the horrendous cost of insurance and the ever increasing list of reasons to eliminate payouts for damages is due to more than just climate disasters. Corporate greed is also involved. I fully agree that climate is the root driver of the increases, but greed has its part as well.

Yes, they should be sued out of existence.

and we're all paying twice for it - once that we have no other option but to buy their oil, and second when we have to pay more for insurance. but they were sure to make their money! $$$$

They do. The difference is, Big Oil simply passes on the increase in cost directly to you ... and you have nobody else to pass it on to.

We should send all our disaster bills to big oil and the GOP who do NOTHING to stop climate destruction

Luigi????? Can you come out and play???

😂😂😂

100% Big oil owns and controls the GOP, they are why we have endless wars in the Middle East. Now we’re threatening Venezuela- has largest oil reserves on the planet

And sue the fossil fuel industry to pay for it.

When we bought our home 30 years ago our homeowners insurance was $33 a month . Now it’s $4,700 a year and we’ve never even filed a claim .

What about the sky high cost of houses? Who's getting rich from this?

This👆🎯💯

Yes to this!

Yeah Big oil should be held responsible. Not that I’m advocating for electric cars, rather, less plastic waste, cars made of recyclable metals, and NUCLEAR POWER, which everyone seems to get their jimmy’s rustled about. Modern Nuclear power is very safe, we need more of it. Thorium reactors, etc.

Big energy rip-off corporations have multiple side-effects on the environment and the people. They'll keep at it as long as politicians allow "donations" to their campaigns.

⛳ And who - for his donors - promotes those lies...

When it comes to the tech oligarchy, everybody’s treating it the same way they treated our democracy - just throwing up our their hands and saying oh well we can’t stop them

Send big oil the bill

As someone once said.. “you know who believes in climate change?” Insurance companies…

youtu.be/m-AXBbuDxRY?...

If people can’t insure their homes, they can’t get mortgages. If they can’t get mortgages, they can’t buy houses. If they can’t buy houses….the market collapses.

Animal Ag is also worsening climate disasters, but 99% of the human populace refuses to admit this since they eat & relish meat, relish, eggs, fish, dairy, bury their heads in sand while the world burns, floods, heats up, freezes, kills off wildlife, waters, lands & farms' perverse sadism continues

Insurance companies will need to get ahead of the climate crisis for their own survival. Rising risk and costs will either force them to eliminate most potential customers by their choice, or by pricing them out. And insurance cannot survive with a fast shrinking customer base.

Governments that continue to do nothing at the behest of fossil fuel companies are equally responsible and should be just as liable for the insurance increases...

The worsening crisis of large investment corporations purchasing all available properties and jacking up the prices 75 - 100%. They are fucking insane. Meanwhile, Trump cuts funding for research and renewable energy. Drill this, you selfish pig. Big oil profits are higher than ever and increasing.

Insurers, like all industries, should be lobbying AGAINST other industries. Not finding brotherhood with them. Food, restaurant, tourism, arts, travel industries should all be lobbying against real estate and finance. Where is disposable income going?

Center for we make money the more we try to make an issue that doesn't exist an issue.

💯

Will Big Oil ever be held accountable?

Big oil companies still pushing lies!

You should hear my evangelical Trumper sisters argue in favor of the oil industry and against green energy. They're blaming solar panels for the increase in tornadoes in upstate New York. Their evangelical churches and Fox News turned them into morons even though they have advanced degrees.

AMEN!!!

Yet we are somewhat complicit.

Storms, fires, climate is in disarray and the insurance companies know it. Our home owner insurance doubled in the last two years.

The genuine conspiracies involve money and power and how individuals or companies try to hold on to money and power by conspiring with others to avoid the consequences of their actions. These conspiracies have happened in the cigarette and oil companies among others. youtu.be/HqqQdWSX8wI

Here, here!

Maybe cut back on their subsidies, so people can see the true cost of fossil fuels. www.imf.org/en/blogs/art...

It is very sad to hear such things, and even sadder Is it also true that so few recognize the importance of climate protection, yet the truth is The fact that even the Trump administration doesn't recognize this makes climate protection much more difficult, because weather and disasters don't . 😢😠

Glad to see this issue recognized. Another fleecing of America. Greedy corporations.

bsky.app/profile/ucs.... FossilFuel Industry is dying and the American Public is being asked to subsidize it as it causes the deaths of tens of thousands each year. Renewables must be our future. It is TIME TO STOP the subsidies! @brettchase.bsky.social

We live in a different world from when they went after the Tobacco industry. Corporations have a lot more power than they used to - they even have our politicians in their pockets

1960s Oil gone in 10 years, 1970s Ice age in 10 years, 1980s Acid rain to destroy all crops in 10 years, 1990s Ozone layer gone in 10 years, 2000- Ice caps gone in 10 years. All lies from climate change alarmists.

My homeowners insurance is now higher that my property taxes...more than doubled the last 3 years.

It's the same ratio in Europe, 1/5 of energy is electricity, 4/5 fuels, and then a lot of electricity is generated from fossil fuels too. All I'm saying is we are very far away from any solution and underestimate the size of the problem. Blaming someone is always easy but should be resisted.

Thank you. The same people poisoning us are the same ones profiting from it.

Agreed

Well that's incredibly accurate!

Every time there's a tornado or a hurricane and we see houses get flattened like cardboard, meanwhile 2 doors down there's a stronger house that survived with a broken window and some scratched paint, that's not an insurance problem, that's an engineering problem. The storms aren't stopping. Adapt.

Big Oil negligent,irresponsible, greedy and immoral massive driver of climate change....the world needs to mount a class action suit against them in court....

I know this sounds crazy. But I wonder if Aliens aren't running some of these companies. I just find it odd that people wouldn't be concerned at all that they are ruining the planet they live on. It's as if they aren't worried about it because this isn't their home planet.

Tobacco, sugar, oil, natural Gas, every other chemical that’s been banned or recalled since the Dawn of modern science.

All insurance companies are thieves and crooks

We don't care what science says, because we elect leaders who deny truth if it's inconvenient.

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Prices sure ain’t coming down on home and business insurance!

Human greed is another big factor

With all the evidence since the 70’s & updated science. These Companies should have all their assets seized & put towards clean Energy!

No joke. Not a joking matter at all. www.theatlantic.com/magazine/202...

Big Oil made a huge mess. THEY should pay for cleanup

Again it's all about the money. By the way whatever happened to occupy Wall Street?

A year and a half ago my homeowners went up 120%!!!. Just coz. Made my mortgage go up almost $300 a month

We already have the solution,$$$$$ corruption is the blockage,that and human ego under negative unconscious energy. Sad,but there is a solution for every problem of humanity. We are too brainwashed to see that we are living a complicated LIE;Not enough room to explain here,but believe a solution IS

yup, the high price of these powerful storms is a huge drain on our economy. HUGE.

That is who should be sending checks to everybody!

Many wealthy oil executives have built bunkers to hide in when the world they helped destroy comes crashing down. Sick selfish bastards.

They learned from what happened to the tobacco industry: Don’t cave like they did. Don’t give in, despite the evidence. Double down on the lie.