Seems To Me That Property Insurance Companies Have The Most To Lose On Climate Change.....

[Xolodno]

3. As somone who works for an insurance company...

...it is a worry. Believe me when I say companies will consider pulling out of a state if they don't either:

1. Address the climate change and build the infrastructure to help combat it.

2. Allow the company to exclude coverage for such AND the state sets up a system for such losses.

Believe it or not, climate deniers really don't like the insurance companies...as they keep telling them what they don't want to hear. Hence why you don't see them trumpeting any "statements" from the large companies that climate change ain't real.

Property rates are based on the usual "1 fire out of X number of homes", "rupturing water pipe in X number", etc. Catastrophe charge spread out over X years, etc.

The CAT premium is either going to raise rates significantly or the company will just pull out if they don't see a way to make a profit.