Insurance companies are proposing a 42% rate increase in North Carolina. Why? Because climate disasters are getting “too expensive”. This is the same industry that has insured BILLIONS in fossil fuel projects. The hypocrisy is astounding. #climatecrisis #insuranceindustry #fossilfuels
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Desalination, Water Reuse Expert. Industrial Fouling and MIC Expert. CCSR Expert. Sr. Consultant for the Water Positive Think Tank and PortaSolve (PSWS).
We have officially exceeded the 1.5-pre-industrial age air temperature threshold, and the impacts of #climatechange are unprecedented and far-reaching. Manufacturers, corporations, insurance companies, financial investment firms, consultants, and governments must rethink traditional #economic models to accommodate the emerging impacts of climate change and target #investments that promote #water #sustainability, health, and water #security. Becoming Water Positive is a viable solution to the emerging water security challenge resulting from #globalwarming and #droughts. #norway, #saudiarabia, #agiculture, #deslination, #water_positive
Aligning financial flows with a low carbon, climate resilient future | Views expressed here are my own
As billion-dollar climate disasters become more frequent, too many people are left traumatized by the devastating shortcomings of the insurance industry. HT Katharine Hayhoe
Opinion: Amid climate change, insurance companies abandoned us
http://ctmirror.org
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Climate disasters are becoming more frequent and people are suffering—and the insurance industry is partly to blame. In a recent article for the CT Mirror, Sharon Lewis highlights the devastating impacts of the actions of the insurance industry. 🌎 Not only are insurance premiums sky-rocketing nationwide, but insurance companies are also continuing to insure climate-wrecking fossil fuels. These climate impacts are heightened for low-income communities and communities of color. "Due to a history of government-sanctioned racist policies such as redlining and restrictive covenants, these communities face heightened exposure to climate impacts like wildfires, flooding, hurricanes, and sea-level rise." It’s time to address the problem. This starts with recognizing and rectifying the lack of transparency of the insurance industry. “If we don’t figure this out soon, we’ll all be under water.” 🔗 Find out more https://lnkd.in/eQ3fGf-z
Opinion: Amid climate change, insurance companies abandoned us
http://ctmirror.org
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Public policy focused consulting executive advancing sustainability among public service clients.
In addition to the need for the coming generations to inherit a habitable earth, #climatejustice has no greater argument than this. How we built our cities and nations was anything but #equitable, in terms of the location of individuals/groups and the infrastructure provided. To further punish them for those decisions, based on risks that we created and continue to exacerbate, is equally shameful and unsurprising. Unless we want to create new levels of impoverishment, adaptation and resilience will mean nothing without an equally strong justice lens.
Climate Scientist | Distinguished Professor, Texas Tech | Chief Scientist, The Nature Conservancy | Author, SAVING US
The insurance industry is adapting quickly to climate change: by massively increasing rates in high risk areas each year, and in some cases even refusing to offer new coverage. As this article explains, "This will continue to have a calamitous impact, with reductions, withdrawals, and claim denials disproportionately affecting low-income and communities of color." Once again, climate change affects us all: but it doesn't affect us all equally. https://lnkd.in/gVw6Kx-6
Opinion: Amid climate change, insurance companies abandoned us
http://ctmirror.org
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Climate Scientist | Distinguished Professor, Texas Tech | Chief Scientist, The Nature Conservancy | Author, SAVING US
The insurance industry is adapting quickly to climate change: by massively increasing rates in high risk areas each year, and in some cases even refusing to offer new coverage. As this article explains, "This will continue to have a calamitous impact, with reductions, withdrawals, and claim denials disproportionately affecting low-income and communities of color." Once again, climate change affects us all: but it doesn't affect us all equally. https://lnkd.in/gVw6Kx-6
Opinion: Amid climate change, insurance companies abandoned us
http://ctmirror.org
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The conditions are evident for a paradigm shift in the insurance business, including government intervention – i.e., financial support – towards evolving a society that is resilient and adaptive. Single bottom line profitability will not save the world at large. It's essential that the pillars of government, business, and civil society get into balance.
Climate Scientist | Distinguished Professor, Texas Tech | Chief Scientist, The Nature Conservancy | Author, SAVING US
The insurance industry is adapting quickly to climate change: by massively increasing rates in high risk areas each year, and in some cases even refusing to offer new coverage. As this article explains, "This will continue to have a calamitous impact, with reductions, withdrawals, and claim denials disproportionately affecting low-income and communities of color." Once again, climate change affects us all: but it doesn't affect us all equally. https://lnkd.in/gVw6Kx-6
Opinion: Amid climate change, insurance companies abandoned us
http://ctmirror.org
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Strategic Culture/Place Based Org Development, Indigenous Research Methods, Revitalizing Ancestral Technologies (Resource, Project/Program Mgmt, Narrative Strategy, Healing), Justice, Equity, Diversity, Inclusion (JEDI)
🌿”As insurers continue to fuel the crisis, low-income and communities of color will be hit first and hardest by the devastating impacts of climate change. “ 🌿”Due to a history of government-sanctioned racist policies such as redlining and restrictive covenants, these communities face heightened exposure to climate impacts like wildfires, flooding, hurricanes, and sea-level rise. “ 🌿”Living in the wake of fossil fuel devastation now comes with the added insult of disappearing coverage and unaffordable insurance costs. “ 💦 we must continually practice investing in creative systems that re-organize ways we elevate community voice & well-being - 🌿track & adjust metrics of impact that are holistic ✨redistribute impact of costs of climate change to address disparities in exposure to climate change calamities
Climate Scientist | Distinguished Professor, Texas Tech | Chief Scientist, The Nature Conservancy | Author, SAVING US
The insurance industry is adapting quickly to climate change: by massively increasing rates in high risk areas each year, and in some cases even refusing to offer new coverage. As this article explains, "This will continue to have a calamitous impact, with reductions, withdrawals, and claim denials disproportionately affecting low-income and communities of color." Once again, climate change affects us all: but it doesn't affect us all equally. https://lnkd.in/gVw6Kx-6
Opinion: Amid climate change, insurance companies abandoned us
http://ctmirror.org
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Forests & Biodiversity | Carbon Removal | Energy | Systems Thinker | Partnerships | Speaker | Terra.do Fellow | 🌊🌳✊
𝐈𝐟 𝐲𝐨𝐮 𝐜𝐚𝐧'𝐭 𝐠𝐞𝐭 𝐢𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞, 𝐲𝐨𝐮 𝐰𝐨𝐧'𝐭 𝐠𝐞𝐭 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠. 𝐇𝐨𝐰 𝐰𝐢𝐥𝐥 𝐲𝐨𝐮 𝐝𝐞𝐚𝐥 𝐰𝐢𝐭𝐡 𝐭𝐡𝐢𝐬? These are exciting yet challenging times as we witness a ripple effect set to redefine our future. The insurance industry is paving the way, and it's only a matter of time before the financial sector and others follow suit. 🔄💼 What's driving this shift? The Global South is shouldering the consequences of actions by the Global North. 🌐💔 As we anticipate potential population displacement, the big question looms: How will the Global North react? 🤔💡 This isn't just about humans – it's about our planet's health and biodiversity. 🌿🦋 As stewards of the future, we've got to think not just in terms of profits but also in terms of preserving the delicate balance of nature. 🌏🤝 Let's start a conversation, share insights, and explore how our generation can lead the way in creating a more sustainable and inclusive future. 🚀💬 Your thoughts matter! 💚 Thank you for sharing Dr. Katharine Hayhoe! #SustainabilityLeadership #GlobalChange #FutureForward #ClimateChange🌈
Climate Scientist | Distinguished Professor, Texas Tech | Chief Scientist, The Nature Conservancy | Author, SAVING US
The insurance industry is adapting quickly to climate change: by massively increasing rates in high risk areas each year, and in some cases even refusing to offer new coverage. As this article explains, "This will continue to have a calamitous impact, with reductions, withdrawals, and claim denials disproportionately affecting low-income and communities of color." Once again, climate change affects us all: but it doesn't affect us all equally. https://lnkd.in/gVw6Kx-6
Opinion: Amid climate change, insurance companies abandoned us
http://ctmirror.org
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Chair, National Security, Wiley Rein LLC; Commissioner, Global Tech Security Commission & Project 2049 CESI; Fmr. Under Secretary and Assistant Secretary at U.S. Dep't of Commerce, Fmr. Adjunct Georgetown Univ. Law Prof.
An important piece by a foremost U.S. expert on energy, climate, and the stakeholders that must be part of the solution.
Climate Scientist | Distinguished Professor, Texas Tech | Chief Scientist, The Nature Conservancy | Author, SAVING US
The insurance industry is adapting quickly to climate change: by massively increasing rates in high risk areas each year, and in some cases even refusing to offer new coverage. As this article explains, "This will continue to have a calamitous impact, with reductions, withdrawals, and claim denials disproportionately affecting low-income and communities of color." Once again, climate change affects us all: but it doesn't affect us all equally. https://lnkd.in/gVw6Kx-6
Opinion: Amid climate change, insurance companies abandoned us
http://ctmirror.org
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Eunika Smalls,CPA, SPHR, CWDP, CME, HCCP, HDFP, CEA : I think you’d appreciate this. Excerpt: As insurers continue to fuel the crisis, low-income and communities of color will be hit first and hardest by the devastating impacts of climate change. Due to a history of government-sanctioned racist policies such as redlining and restrictive covenants, these communities face heightened exposure to climate impacts like wildfires, flooding, hurricanes, and sea-level rise. Living in the wake of fossil fuel devastation now comes with the added insult of disappearing coverage and unaffordable insurance costs.
Climate Scientist | Distinguished Professor, Texas Tech | Chief Scientist, The Nature Conservancy | Author, SAVING US
The insurance industry is adapting quickly to climate change: by massively increasing rates in high risk areas each year, and in some cases even refusing to offer new coverage. As this article explains, "This will continue to have a calamitous impact, with reductions, withdrawals, and claim denials disproportionately affecting low-income and communities of color." Once again, climate change affects us all: but it doesn't affect us all equally. https://lnkd.in/gVw6Kx-6
Opinion: Amid climate change, insurance companies abandoned us
http://ctmirror.org
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Property insurers are refusing to provide coverage in areas vulnerable to climate change impacts (those areas are growing), and increasing premiums significantly where they do offer coverage. We can only solve this issue by adapting climate-resistant building codes, retrofitting infrastructure, and reducing carbon emissions — which means drastically reducing our use of fossil fuels. The insurance industry must do its part by agreeing not to insure and finance new fossil fuel projects. #systemschange #climateresilience #crewconsciousness https://lnkd.in/gKB7SHt5
Opinion: Amid climate change, insurance companies abandoned us
http://ctmirror.org
I am and always will be a Connector for Entrepreneurs & Investors. 💰 My personal email is in my profile.
6moWhat a bullshit story. The climate change hoax is a money grab by corporations and politicians. Im fighting to remove the non-profit status from Public Citizen, which is a partisan organization.