You’re probably seeing headlines like this one from The Hill Insurers pull back as US climate catastrophes intensify. H/T Mark Krebs. As usual, the Climate Card is a coverup for others who really are to blame for losses. The linked article starts to look under the carpet, and I will dig deeper in this post.
Firstly, they label weather events as climate castastrophes in order to blame them on everyone else.
From The Hill:
This month Farmers Insurance announced that it will no longer write new property insurance policies in Florida, citing “catastrophe costs … at historically high levels.” AIG also recently stopped issuing policies along the Sunshine State’s hurricane-vulnerable coastline.
State Farm, meanwhile, said in May, that it would impose a moratorium on new policies in California due to “rapidly growing catastrophe exposure.”
Mark Friedlander, director of corporate communications at the Insurance Information Institute, said that…
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