US government toward southern states: “You can buy cheap flood insurance from us”
US government toward western states: “I hope you like expensive free-market fire insurance”
State Farm dropping California home owners from their insurance (2024) [Day 43]
Submitted 3 months ago by TheTechnician27@lemmy.world to [deleted]
https://lemmy.world/pictrs/image/b9dace59-ebcc-4ce6-80d4-b746f65a37f4.png
Comments
simplejack@lemmy.world 3 months ago
HootinNHollerin@lemmy.dbzer0.com 3 months ago
Liberty mutual pulling their auto insurance out of California too the fuckers
pugsnroses77@sh.itjust.works 3 months ago
insurance companies have been boasting record profits too. dont trust them
RedditWanderer@lemmy.world 3 months ago
It’s not going to be pretty. As climate change does more damage, companies will whine prices need to skyrocket. But it’s not like theyre going to use the money to prepare for the worst, they will pay it all out to investors and run away / force you into legal battles to get your insurance.
They definitely have “force majeure” clauses but that can’t cover everything the earth has in store for us this year. At what point is it not “foreseeable”.