State Farm was backing the GW-denying Heartland Institute. Think about it--... [View all]

[Jackpine Radical]

This would presumably mean that the corporate management has not only made no plans to cover the inevitable huge losses the world will experience due to direct & indirect effects of climate change in the coming years, but they are probably trying to "proactively" suppress potential governmental regulation requiring them to figure in such losses. Why else would an insurance company put major money into GW disinformation?

This in turn strongly implies that they are not really in the insurance business for the long haul, but are collecting money from homeowners under the false pretense that they are prepared to reimburse the insurees for the losses they will sustain from fires, floods, storms, rising sea levels and the like. They will not be able to do so. This will not stop the executives from pulling a Goldman-Sachs & walking off with the loot.


http://news.mongabay.com/2012/0508-hance_heartland_statefarm.html