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Jackpine Radical

(45,274 posts)
1. Insurance companies like State Farm backing Heartland?? Vereee interesting!
Tue May 8, 2012, 01:01 PM
May 2012

That would presumably mean that these companies have 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. Further, it means that they are probably trying to "proactively" suppress potential governmental regulation requiring them to figure in such losses. This in turn means that they are not really in the insurance business for the long haul, but are collecting money from homeowners under a false pretense that they are prepared to reimburse the insurees for these losses. They will not be able to do so. This will not stop the executives from pulling a Goldman-Sachs & walking off with the loot.

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