There’s a high-cost state-run insurer of last resort (Citizens Property Insurance Corporation) which is still in operation. The right set of storms could break that.
It won’t even need a big set of storns. It will just need the constant slightly elevated and worsening conditions we’ve been seeing, with more frequent major events. A failure of attrition , literally and figuratively.
Insurance companies are legally required to pretend climate change doesn’t exist for purposes of calculations. I’m not even joking, that was DeSantis’s “solution”.
It’s just dumb. Not only is it not fact-based policy, but it’s not like insurance companies don’t have power. I would imagine that fucking around with gigantic institutions like these is basically like signing a death sentence for a conservative political campaign.
It was the wrong link and I can’t find the one that included DeSantis saying that the president of an insurance company that left the state was being influenced by climate scientists.
It’s not going to magically sink; parts of the state have enough elevation to remain above sea level even if we melt everything.
What might happen is that coastal properties become uninsurable, which will make it all but impossible to obtain loans or build new buildings.
I thought Florida was already uninsurable.
There’s a high-cost state-run insurer of last resort (Citizens Property Insurance Corporation) which is still in operation. The right set of storms could break that.
It won’t even need a big set of storns. It will just need the constant slightly elevated and worsening conditions we’ve been seeing, with more frequent major events. A failure of attrition , literally and figuratively.
Then they might just be counting on FEMA and other federal aid to bail them out. They might even try holding themselves hostage at some point.
If it’s anything like my state they are carrying way too many people and it’s just a ticking time bomb.
Insurance companies are legally required to pretend climate change doesn’t exist for purposes of calculations. I’m not even joking, that was DeSantis’s “solution”.
Doesn’t that just mean many insurance companies won’t insure anything in the state and those that stay are going to be the most expensive options?
Probably. Never said the guy was particularly smart.
It’s just dumb. Not only is it not fact-based policy, but it’s not like insurance companies don’t have power. I would imagine that fucking around with gigantic institutions like these is basically like signing a death sentence for a conservative political campaign.
insurance companies are not renewing or only giving highest level premium insurance. DeSantis told the insurance companies to disregard all the expert warnings as basically liberal bullshit.
Is that the right link? It doesn’t mention climate change at all
It was the wrong link and I can’t find the one that included DeSantis saying that the president of an insurance company that left the state was being influenced by climate scientists.
Here’s one talking about how climate change has affected insurance in Florida, Louisiana, and California and how insurance is either running away from the exposure risk or pricing it in and causing rates to to skyrocket unless subsidized by the government