To: Broken_Clock who wrote (1513586 ) 1/15/2025 2:04:15 PM From: sylvester80 2 RecommendationsRecommended By
Respond to Climate change deniers is the root of the problem... After studying data from 2018-2023, they found that the driving force behind non-renewal—an insurance company notifying a homeowner that they will no longer insure their property—was a series of natural disasters related to climate change, including "hurricanes, wildfires, severe convective storms, hail, extreme precipitation, and sea level rise." More than 1.9 million homeowners' insurance policies had been "non-renewed" in that five year time frame, triple the previous rate of non-renewals in some 200 counties. As disasters related to climate change worsen, insurance companies argue that it's not sustainable for them to insure properties in vulnerable areas. When State Farm Insurance, California's largest insurer, announced that it would not renew 30,000 policies in Los Angeles—including 1,626 in the Pacific Palisades neighborhood recently devastated by the fire—the company issued a statement noting "This decision was not made lightly." It went on to say that State Farm “takes seriously our responsibility to maintain adequate claims-paying capacity for our customers and to comply with applicable financial solvency laws." In other words, the insurance company found it too expensive to cover the properties most likely to be affected by wildfires and stay in business at the same time. Flood damage caused by Hurricane Helene last October in Asheville, North Carolina. At least 200 people were killed in six states in the wake of the powerful hurricane.
