Like I've said before, if you have any doubts about climate change, just go to a super-boring insurance conference and listen to the super-boring panels where they dryly talk about the growing threat of disasters so catastrophic and unpredictable in scope they simply cannot be insured at any price.
Reposted from
Kate Aronoff
Wild how the Fed chair saying that *entire regions of the United States* won’t be able to get a mortgage in the next decade barely registered as a news event
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If so, welcome to "The Purge-2035 Edition"
That and they all still have the multi-million dollar budget for their awful commercials.
Yep
In 1980, the "sweet spot" for corn growing was near Des Moines. It's now just north of the MN-IA border. It's moved 175 miles north in 45 years.
Bear in mind that Minnesota was so cold in the late 19th century that...
https://www.pbs.org/newshour/science/climate-change-is-shifting-plant-growth-zones-heres-what-to-know-for-your-garden-this-year
https://newrepublic.com/article/190566/climate-change-cut-50-percent-gdp-growth
It would only cost a few billion dollars to release aerosols into the atmosphere, and pause global warming... And it might not even destroy the ozone layer
https://www.climate.gov/news-features/understanding-climate/solar-radiation-modification-noaa-state-science-factsheet
You're understandably skeptical about it, you believe in the precautionary principle, I get that. But the way things are going, I think it's a matter of time until we have no other choice.
It's controversial but a lot of mainstream climate scientists have been talking about it as a possibility
This isn't a new concept though, volcanoes temporarily cool the earth for similar reasons. Sulfur additives in ship fuel may have done the same thing.
-Every Republican Everywhere
There’s only denying that it’s real in order to profit elsewhere
Data showing the higher temps is obvious.
It's the cause that is arguable.
You can make a study showing anything and all the funding for such studies are looking for a human-caused conclusion.
Not worth the risk in my opinion.
They are veryyyy good at disasters yes.
And for others reading this, the term for insurance holding premiums until they have to pay out is called “the float”. https://www.npr.org/sections/money/2010/03/warren_buffett_explains_the_ge.html
Of course it’s easy for conservatives in the room to pivot to “this isn’t man-made, it’s just a natural cycle of the Earth”.
In either case, the physical reality won’t become less disastrous unless we urge those in power to mitigate and adapt.
Message: “Stop subsidizing fossil fuels”
THAT'S NOT WHY THEY'RE IN THAT BUSINESS.
If you want to know what the reality is with any risk factor, check what the insurance industry is saying.
These people are not fools.
More money for billionaires. Yay, American Dream.
That's. The entire point here.
This is just the only time they admit climate change exists.
The truth will out.
What'll probably happen is more urban, built up areas (less wildfire risk), more government assistance, and higher rates. The companies will probably be fine but it's gonna suck for homeowners.
Just confirming
Who put this thing together? Huh? Underwriters. Who I trust? Actuaries.
Insurers wouldn’t cover treatment if there wasn’t measurable positive health outcomes
That said, chiropractors are like MDs: many/most of them are fucking useless, and dumb as fucking rocks, but that’s true of lots of health professionals
I’ve auditioned others who couldn’t find their own ass even if they had four hands
https://insurancenewsnet.com/innarticle/post-covid-19-excess-mortality-rates-could-remain-high-for-another-decade
They might not die in squalor, but they'll still die miserable.
they’re going to get pretty tired of their limited supply of prepackaged food.
California is its own beast, but it’s not the only wildfire state.
Thought I was safe cuz not a coastal state. But mountain states are being hit too.
Old insurer took me back at new rates.
Banks can’t lend without insurance, and insurance to property value ratio is a thing most people don’t get. It’s gonna be fucked up
And how that wasn't headline grabbing news, I will never understand.
Obligatory Hbomberguy clip about this lol
Banks will respond by lowering or dropping insurance requirements for mortgages.... but the rates will go through the roof.
Did NO ONE think this thru ?????
My ex father in law has a place in Florida. It’s his third. When he got the first one in 2007 I thought he was an idiot.
but that was unfortunately before the 2007-2008 financial crash set a bunch of their assets on fire.
Climate change is or is not real depending on what gets your ass out of doing anything helpful
This means that climate change is hitting state budgets now.
In 10 years, Florida will be asking for a federal backstop.
My homeowners insurance was going to drop me over a very small amount of moss on my roof. I remediated the issue and sent pics
But here in CA and throughout the county insurers are going after any liability.
FEMA is gone until Trump is gone.
They use massive amounts of data because it’s fundamental to their business model. It’s not looking good for an alarming amount of states
I cant imagine wanting to bring a child into this world. Between climate change and AI deciding to exterminate us eventually its pretty grim.
Covid means many won't get life insurance/health benefits.
Although I think that was JK Galbraith, an economist.
I’ve been saying this for a while.
That chicken will probably be the first to come home to roost.