Yet more profit for businesses and walls street is like a pig in shit. Beyond time billionaires like you call you who is ultimately responsible- Wall Street and the profit over anything else mentality. You helped to create that mark. You did.
We need a Nation Catastrophic Property Insurance Plan. Something to cover all risks: Flood, Earthquake, Wildfires, Hurricanes, Tornadoes, etc. Premiums accurately reflect risk - no political meddling on rates.
Regular Insurance from Allstate, State Farm, etc just for garden variety risks.
DON'T WORRY, LET IT HAPPEN, BLAME EVERYTHING ON TRUMP!
All we have to do is blame Trump. Just like I'm doing with the high price of eggs when I'm in the supermarket, I'm blaming Trump and his administration like what Trump was doing and saying about Biden.
KARMA WILL BE A BEACH ⛱️ 😎 😉 😀
Let all that happen and all the bad things to happen is worse for Trump and, in the long run and with sacrifice, better for us.
It will accumulate more negatively against Trump and end his regime for good.
I read a long list of comments on X last night. The MAGAs firmly believe that Trump will lower their insurance rates and all the increases are the fault of greedy insurance companies.
How is it the governments fault, and what should Trump do about it? Please explain. It seems like now that he is president, everyone wants the government controlling everything, isn't that what communism is?
I'm going to have to assume this repost is referring to the current California fires. I live in Cali. California hasn't done a horrible job at forest management, they've done zero job of forest management. What they've done a really good job of is creating regulations that prevent private citizens
from doing the work themselves. This is a total failure of government. Insurance companies aren't saints but they're prices are based on risk and Cali is noting but risk due to all the red tape. And don't get me started on the LA fire dept. Super diverse but incompetent at their actual jobs. SMH
I am wondering when we are going to grapple with the other economic effects of climate change. Rising food prices, for example, are here for the foreseeable. More refugees at our southern border, higher insurance premiums, effects on health & health care costs etc
The question is how to address it. Cheaper insurance for disaster-prone areas creates moral hazard. High insurance prices actually make climate-vulnerable areas less likely to be built on—and that’s good, though painful. What we need is more affordable housing in areas less subject to disasters.
Hey an argument that may hold up! Now if only we can get some leadership that can market we might have a starting point. This with universal healthcare, stronger PUBLIC education, while(yes sorry Mark) taxing the rich more!
This presupposes that the Democrats actually have an interest in protecting middle class homeownership. I'm not confident after the last 10 years that this is a priority.
Seems a good place to start would be hitting up social justice and civil rights legal organizations like the ACLU, SPLC, Native American Rights Fund, National Fair Housing Alliance, etc - just have all those organizations on the same page, hitting the administration from every angle.
Which dominos into entire communities being restructured as families can’t secure a mortgage without insurance & more areas are refusing to provide flood/fire coverage.
Is anybody listening to Democrats? Good ideas don't cut it. Rip apart the hypocrisy. There's enough video of their contradictions to play loudly fort years. Every vote is a hard NO. Block everything.
The problem is that the GOP are shills for oil and gas companies. I don't call them climate deniers because they lack the courage of conviction to have a stand on anything beyond what the dollar tells them to say.
But the climate fueled insurance crisis does not feel as urgent as say, gas prices or the electric bill. Insurance is usually paid yearly or hidden in the mortgage or rent payment.
That is until there’s 3 feet of water flowing through the living room and the sofa floats out the front door.
I could maybe see there point if the insurance companies were struggling to stay afloat. They aren't they are very profitable and overpaying execs at the same time. Make insurance sell for cost, cover everyone, tell the current companies to use their profits to live while the fuck off.
Insurance companies also treat long time customers very poorly, randomly jacking up rates, or creating impossible hoops to go through, even if you have had no claims. Climate change risk just accelerates that for some areas.
Insurance is, and always has been, a pooled proposition. We all pay premiums, hopefully for the company they pay out less than they take in. If that isn't the case, they will raise rates for everyone to cover their losses, simple math really.
I’ve been watching my home owners insurance go up for years living in hurricane alley on east coast. My Republican Senators and congressman do absolutely nothing!
The insurance model is working. The idea that we can continue to wreak the viability of people’s lives is the problem. That’s the result of global warming.
No. California democrats refused to allow insurance companies to model on climate change. The CA issue is prop 13, prop 103, and political interference in competitive market rates.
Fair enough, but the insurance industry is a racket as it stands now. The rates are artificially higher because of the profit margins the companies seek
100%. Insurance rates in Texas and Florida have quadrupled in a year, not because of inflation, but because of climate change. Many insurers won't even cover these areas anymore.
And not due to DEI initiatives, transgender people, abortion or border crossings.
This administration’s focus is nonsense to avoid dealing with much more challenging, difficult and dangerous issues.
Same here in California, we were denied cover by 2 companies before this last catastrophic fire, based on being next to big a fire hazard. They trust science because they don’t want to lose money. We should do the same.
How do Dems address something that half the country doesn't believe (hell, half that half still thinks the earth is flat), doesn't care, while they do not have a say in anything and when what they had in place was deleted with a Sharpie scribble?
Don't get me wrong, I am less than impressed with their flacid response to current shitshow, but I think that is more critical mass than the "eat an elephant one bite at a time" issues of the planet.
This insurance debacle is happening in real time,to real families who are try to buy homes. My clients R being forced to pay premiums that R 25% higher or more than last yr. I have a client moving from FL b/c her premium is over $8000/yr. She is selling b4 hurricane season b/c she is w/o insurance.
Climate change cannot be a topic of conversation until more. GOP within the community experience blowback from their insurance companies directly related to climate change because they continue to insist it does not exist and call it a hoax.
Anything required for simply living modern life -- water, electricity, internet, prisons, etc. -- always turns into a massive problem when run as a for-profit business.
many homeowners in florida don’t have home insurance. they save $ for disaster repairs and count on fema for assistance. too many have had expensive repairs in recent years that depleted their bank accounts. this is not sustainable. selling their homes only raises the area home prices and taxes
No, they won't. For centuries insurance has been a way of capitalizing on and spreading risk. What will happen is that people will no longer be able to obtain or renew mortgages because no insurance, no mortgage. That should drive down home prices.
Why is everything for the Democrats to fix? Why are they held to such a high standard and Republicans aren't? If everyone is aware that Republicans are just a hindrance, why are they still allowed to exist?
That's what renders them useless for fighting literally any way but through law and voting. Things that no longer work. Untill they realize they need to shoot outward the only thing getting shot will everyones own feet.
I completely agree. I reached voting age in 1981, since then, I have noticed that dems will not give up their personal agendas to vote against a Republican. Putin used that.
We’re at the point where it’s irrelevant if individuals believe climate science is real. The insurance companies have calculated the risks and they’re costly.
We need a RAPID RESPONSE group or groups to make these points and drive a wedge into R voters stuck in propaganda bubbles. It needs to be smart, organized, and relentless.
Except that only works in the US, due to the fact that we have to compete to get insurance, while in other countries, insurance competes for your business.
Have you seriously never received ads from insurance companies offering better rates or better services? I get those all the time.
Yes, insurance in the US competes for my business.
If somehow you manage to get out of that junk mail let us know your secret 🙂
The problem is the deniers will claim that insurance companies are using any lie they can to keep their money, including climate change. They will have an issue with the companies, no the climate.
Yes! Make people aware of the pocketbook effects that climate change is legitimately creating.
In addition, I don’t know why much of the message hasn’t included a huge focus on mitigating air pollution. “Your kids are smoking cigarettes every time they go outside.” Boom. Save the children.
To pass any legislation to address this issue Dems will have to have GOP support. Since Trump and the GOP do not believe climate change is real, why would you think they’d sign any legislation addressing it?
It’s absolutely a crisis that Dems should be flogging. Make some campaign promises and hector GOP about it. That’s exactly what they would do, bc it works.
I live in Florida and worry about how much more my insurance will go up. 3,000 now an I am inland. My granddaughter lives in my house in Connecticut and that insurance just went up from $1500-$2000 a year. I’m retired and my salary isn’t going up that much.
One way to get them to act is to not allow costs to be passed on to customers in lower risk areas.....I watched my homeowners go up 33%.....in RI....last claim I had was 15 years ago when a tree fell and damaged the rail on my deck.
RI is low risk for:
Hurricane
Floods
Earthquake
Wildfire
Tornado
No Mark. The insurance industry read the writing on the wall decades ago. Ask any reinsurance company executive. So has our military.
The failure is allowing shithead science denialism and short term earnings-driven interests to drive public policy and stick our kids and grandkids with the bill.
We must look at this as more than an insurance issue. Insurance payments and premiums follow risk. If you don’t manage and reduce the risk, the situation will become untenable. That means strict guidelines to strengthen property
in FL, I don't even both looking at my coverage anymore as long as the mortgage company is satisfied...I just take whatever home ins I can find that will take my home. Getting "depopulated" from Citizens which was formerly the only way I could get home ins.
Hopefully someone in your organization sees this, prompts engagement, & allows us to show how we can empower you with funding to amplify your voices. #Democracy #Freedom #AntiMAGA #DeFi #Crypto #Funding
Oh, and we're not amateurs or without business savvy. Ask your cohort, Mr. O'Leary, who the lead merchant was in 1991 that gave Softkey their first big break. We met at a tech conference in the mid 90's as I was a co-founding exec at HotOffice.
You’d think the insurance industry would drive society to reduce the risks, not just casually ratchet up premiums to the point where they effectively sabotage their market and pull the ejection seat. I mean they do have lobbyists right?
An additional result of ignoring climate change is FEMA, which costs all citizens—well, the ones paying taxes—whether we’re red or blue or live in glorious mansions or on amazing beach property. We all pay for this in one way or another.
You know what else is a direct cost to American families? Losing everything you own. Sometimes quite literally every single thing, from cars to coffee cups to tools to your kids' toys and books.
What exactly are Democrats doing about anything? I just watched the Democratic leader. Speak about the horrific mid air crash. He does not inspire me, give me hope or drive me in any manner.
Yes! Stop saying climate change blah blah. ALL people, Dem and Rep, want someone to tell us how they will fix the SYMPTOMS. While focusing on causes if the traditional way it does NOT get you elected. Wake the fuck up!
Insurance might not be so high if buildings in disaster prone areas are built to last longer. Florida is not a great example of much politically these days but it's building codes are quite good w/ respect to this.
Insurance is a scam. Taxes should be increased to fund emergency funds like FEMA, and ban insurance. the opportunity to steal that insurance presents in a for-profit system is a leech on our personnel, readiness, & national security. Take care of labor, not just heartless capital.
Insurance will simply go away or be so ridiculously expensive that it's better for one to simply fund their own disaster savings fund. We will be on our own to fend for ourselves. Insurance is such a fraud, anyway, with so many claims being denied. It's ridiculous. We need better system.
Mark we could redistribute some of your wealth to address this problem. Your life literally wouldn't change at all if you had $999 million as opposed to 1 billion
It doesn't fix it if the systems broken it will just happen again. Lol but u are right, but also this is just 1 broken system and then you have to think of all the different ones you want a "caring" wealthy person to fix. I'd rather them help try and change the system.
The implication here is redistribute all wealth. No billionaire should exist at all. "Caring" billionaires will still side with fascists every time rather than make anything actually better.
100% agree no billionaire should exist. But they will exist again if everything is not fixed before their redistribution. Yes it makes them all look like they care i get that. There is a lot more to it then taking everyone's money that is rich. Hell they all have loopholes for tax breaks as is.
They'll exist again as long as capitalism is a thing. Fascism is just capitalism in decay, that's where we are now. Mark can't "fix" the system even if he was willing to because the system was designed to be broken for most people from the beginning.
I agree. What I'm saying is he can't fix it unless people actually listened and United. I think we agree money doesn't do anything because too much is in the wrong hands. And bodies don't matter if they don't make more money.
Unadjusted my premium is $528 a month for a single person who is 45 - adjusted with subsidies and grants from the Ryan White foundation (which is having its funding cut by Turnip) it's only $15 a month.
We need a better insurance model, if I wasn't a gay on PrEP I wouldn't be able to afford this.
Florida should be ground zero for this campaign. Almost 25 years of total GOP control of governor's mansion and legislature as the crisis has grown exponentially and they've done nothing but avoid and distract
Has DeSantis losing his mind. Republican Legislators see the handwriting on the wall. Florida is sinking fast. There is no business model for when the ocean swallows your property up. Even Disneyland can't fix what ails our Climate. Trump's answer is drill baby, drill! That's what caused this mess.
What it is going to do is drive lower wealth folks from increasingly expensive areas of risk (that also can be highly desirable locations). Wealthy folks can fly out of town and just rebuild. Some we know don't even bother insuring.
This is also a 'teachable moment'. Failing to deal for with the cause of climate change, FORCE everyone to deal with the consequences and the costs involved with that.
This inaction has a price and the runway to actually avoid the worst is getting shorter as we speak.
Why just Dems responsibility to fix the mess? But the complainers don’t get off the couch to give them a majority. This is no way to run a country. Congress of any party persuasion should not be playing loyal corporate employee to a madman. The blame game got us here. Let’s coalesce to fix it.
I asked my grandfather why so many insurance companies have names like Farm Bureau, State Farm, Farmers and Ranchers. He said, in the past if a local family's crop or herd failed everyone would chip in to get them through. Then they began chipping in a dime a month, until people got greedy.
I mean, sure. But actual policy no longer matters to the American electorate. For at least half of this country, these things don't matter one bit until they experience them personally. While people pay more for insurance, until it's THEIR covergage dropped or claim denied, they don't give a shit.
Half of the country? He got about 31% of popular vote & only 1.6% more than Harris. 36% of eligible voters didn’t vote. The remainder voted for spoilers.
The question is, what are we going to do about? I don’t think any insurance could sustain the sort of payouts that are going to be required without charging extortionate amounts. Which leaves the gov’t footing the bill as an option which is also not particularly sustainable.
I live in a coastal area of the south. Some insurance companies are either declining to renew policies for properties here or are renewing them at an astronomical price. All because they've had to pay out so much in climate-related losses in recent years.
Climate change is a major reason behind rising insurance rates. But, rates also depend on where people choose to live. Next to the water in the Gulf (of Mexico). Or away from the big cities and next to the forests in CA.
The Democratic Party is incompetent. They have failed to tell a very compelling story of how Democrats have made life better for Americans since the time of FDR and how Republicans have voted against that progress from day one.
I remember listening to @npr.org do a big piece on this several years ago. The experts they interviewed predicted that the next big wave of migration will be climate migration due to insurance costs. Said to expect a huge influx of people moving to Washington State--less impacted by climate
The problem with this strategy is the climate risk and mitigation timeline is FAR longer than the election cycle. So even if we go full green new deal right now, our next 20 years of higher impact storms is already inevitable.
Trump has no interest in reforming the insurance industry, climate change or not. Homeowner’s insurance, health insurance, auto insurance, etc., is the largest scam ever conceived. You pay into it only to be told “your 50k roof is only worth 5k because of prorating” after a hurricane. Sickening!
Wrong. More people, higher and higher construction costs, four years of inflation, codes and regulations, real estate lobby, etc. Insuring ourselves usually means paying for protection from the uninsured with our premiums. Just more push for the expansion of government. Just say NO!
The Loss Model referred to in this chain is that caused by commercial insurance company’s refusal to cover charges in order to make greater profits. Hospitals cannot turn patients away if they are not insured or have insufficient insurance. They take a loss when patients cannot pay.
Our current insurance model centers around profit-taking rent seekers who add zero value to societal addressing of unavoidable disasters as well as human-caused accidents. Call it what it is.
Mr Cuban, I realize you are busy BUT could you please get with @aoc.bsky.social and lead the dems to finding and articulating the right messages and issues as the USA crumbles.
The “critical problem” in healthcare, is that it rapidly, and constantly changes.The “fee for services” payment model, that we currently have, is to cumbersome and slow to follow these changes. A single payor system, where all the workers are salaried, would allow the system to change more quickly.
How much of the climate crisis has affected corporate efficiency and production and the overhead costs are passed to consumers? How about healthcare costs? Everything from skin cancer to viral/fungal/bacterial genetics.
Insurance is almost entirely data driven. Insurance data proves (as if more proof is needed) that humanity is already in a human-created climate catastrophe for which insurance can no longer cover. Well past the point to reverse it, best humans can do now is mitigate the crisis & w/o insurance.
The oil companies and other companies that contribute to climate change should be responsible for the fire, wind, flood, mud slide insurance (also perhaps earthquake insurance especially in cases where earthquakes are caused by fracking)
Personally I find it kinda strange and jarring that decades of messaging about the threat posed by climate change from a humanistic-environmental perspective have largely fallen on deaf ears but now that the insurance industry is threatened, people start to act.
Is the industry really threatened or are the people who need insurance threatened? The insurance companies are simply raising rates (for all of us) or discontinuing writing coverage in these high risk areas.
If people understood things like this, Trump wouldn’t be president. The problem is people are so self absorbed and caught up in their own lives, they refuse to care or research anything anymore. They take a sound bite that sounds funny or sounds right to them, and then they run with it.
Marc, why do you celebrate when the EMA quits Twitter/X and joins BlueSky. You still frequently post on X. You could deal a real blow to Elon by publicly quitting X
The insurance industry should have stepped up years ago. Conservative, their leadership has been packed with climate deniers - now their boards are overwhelmed with everything extreme. They could've forced climate legislation. Contributers to capitalism w/o conscious. #bottomline
Put it in terms average non-political voters understand and bring every issue to the voters’ bottom line. I despise Trump’s fourth grade vocabulary and the fact that it’s all he’s capable of, but that’s what some voters understand and we need them to win.
Comments
Cannot reach remaining few percent needed with appeals to logic
If you can't reduce the point to simple sentence
or maybe just FOUR WORDS, you've lost them
Not being sarcastic, reduce to simple phrase
or don't waste time/money
Regular Insurance from Allstate, State Farm, etc just for garden variety risks.
All we have to do is blame Trump. Just like I'm doing with the high price of eggs when I'm in the supermarket, I'm blaming Trump and his administration like what Trump was doing and saying about Biden.
KARMA WILL BE A BEACH ⛱️ 😎 😉 😀
It will accumulate more negatively against Trump and end his regime for good.
Corporations want to pretend Climate Change doesnot exist. So that they can cut regulations.
However, the insurance industry...part of the Corporate structure...makes it a serious part of their actuarial assesments.
A Cognitive Dissonance that can be utilized.
I'm serious, I've never been politically active, I was never even on Twitter and have only been here a couple months
we need to get this idea to the people (fired feds etc) with the most legitimate claims
I don't know what platform would reach people who can reach such people
other than 330 million people making a pact not to pay federal taxes lol but that could bring criminal charges
It seems like the best effort we could make, specifically starting with illegally-fired government officials
I've no experience in these things, but I think a good selling hook for the idea is pushing the narrative that "We're still a country of laws"
This is a nightmare.
We NEED YOU to step up
Don't believe your eyes!
Believe us!
That is until there’s 3 feet of water flowing through the living room and the sofa floats out the front door.
This administration’s focus is nonsense to avoid dealing with much more challenging, difficult and dangerous issues.
As soon as the word climate is uttered, the conversation is over.
Because they’re idiots.
Consumers are required to have it.
The best 'deal' is through our employer. ("benefits", eh?)
The consumer has very little control over the experience. We need more consumer rep in the purchasing decision.
But that is just me.
Did Trump just admit to voter fraud???
✌🏽🇺🇸🇺🇸🇺🇸
Precision-guided truth bombs.
It's a success.
Yes, insurance in the US competes for my business.
If somehow you manage to get out of that junk mail let us know your secret 🙂
At the end of the day, I think the answer is that people just shouldn’t live in these locations.
Often yes the answer will be it's not worth it for people to live there, but it's their life and their values to be reflected.
In addition, I don’t know why much of the message hasn’t included a huge focus on mitigating air pollution. “Your kids are smoking cigarettes every time they go outside.” Boom. Save the children.
The construction and real estate lobbyists have been winning in state houses on this issue for decades. All they care about is low upfront costs.
RI is low risk for:
Hurricane
Floods
Earthquake
Wildfire
Tornado
The failure is allowing shithead science denialism and short term earnings-driven interests to drive public policy and stick our kids and grandkids with the bill.
https://bsky.app/profile/progatoken.bsky.social/post/3lgxr4sncts2z
It's that simple.
We need a better insurance model, if I wasn't a gay on PrEP I wouldn't be able to afford this.
This inaction has a price and the runway to actually avoid the worst is getting shorter as we speak.
That is a game they are winning.
#6'Elon
Climate change is a major reason behind rising insurance rates. But, rates also depend on where people choose to live. Next to the water in the Gulf (of Mexico). Or away from the big cities and next to the forests in CA.
They aren’t gonna bite the hand that bribes them.
Like how Obama framed Mideast oil dependency as a national security issue, instead of only focusing on the obvious environmental part.
It’s an uphill battle for democrats with a struggle between what’s right and what can win.
If the people need led to water , they perish on their own
but they were to busy playing nice with fascists