I blog about environmental and social justice issues because I am very concerned about the health of the interdependent web of life of which we are a part.

Melting Arctic ice.......beautiful and frightening!

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Saturday, April 10, 2010

Insurance Companies Worry About Climate CHange

In the wake of skyrocketing insurance claims due to natural disasters—hurricanes, wildfires, droughts, blizzards and the like—insurers have been imposing steep rate hikes and, in some cases, fleeing high-risk areas, leaving consumers out in the cold. It's gotten so out of hand, consumer advocates say, that insurers now are even crying climate change as a factor in raising premiums or dumping clients.

As the crisis mounts, hard hit states such as Florida and Louisiana are increasingly stepping up as insurance companies check out, providing coverage for residents dropped by their insurers. And signs are things will get worse before they get better: The National Oceanic and Atmospheric Administration (NOAA) is predicting that this year's hurricane season—which officially began June 1—will be "very active," with three to five major hurricanes in the Atlantic.
Hmmmmnnn - insurance companies are worried about business risks created by climate change.   Are  climate change deniers going to refuse to buy insurance or  insurance company shares? Are deniers going to heap abuse upon inusrance companies?  Call insurers liars?  Accuse them of falsifying data?  Of course not - their denials are not based upon fact.

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