Conversation

Notices

1. Embed this notice
   CelloMom On Cars (cellomomoncars@mastodon.social)'s status on Saturday, 30-Mar-2024 07:10:05 JST CelloMom On Cars

   The #ClimateCrisis will make the 2008 mortgage crisis look like a walk in the park. With ice cream.

   " Rising seas, bigger #floods, and other increasing #climate hazards have created a dangerous instability in the U.S. financial system. "

   That, on top of developers building in flood plains and wildfire-prone places, and the US government providing the #insurance.

   #ClimateChangeIsTheLastStraw
   https://yaleclimateconnections.org/2023/04/bubble-trouble-climate-change-is-creating-a-huge-and-growing-u-s-real-estate-bubble/

   • Embed this notice
     CelloMom On Cars (cellomomoncars@mastodon.social)'s status on Saturday, 30-Mar-2024 07:10:05 JST CelloMom On Cars

     in reply to

     #HomeInsurance premiums are in the five figures: this is #insurance companies telling you, in their language of premiums, that you're living in a vulnerable place.

     "I've heard of #premiums for residences in Lismore being $15,000. It's just not reasonable," Katschke says.

     But is IS reasonable, if you consider how high the risk is of losing the entire home. Calling it unreasonable is a form of #ClimateDenial.

     https://www.abc.net.au/news/2023-04-12/government-involvement-disaster-insurance-protect-australians/102167338

   • Embed this notice
     CelloMom On Cars (cellomomoncars@mastodon.social)'s status on Saturday, 30-Mar-2024 07:10:05 JST CelloMom On Cars

     in reply to

     "In #Florida, Farmers stopped offering new #auto, #home and umbrella policies and said coverage for existing policyholders would not be renewed upon expiration. Though the state has been mired in a property #insurance crisis that companies and Florida politicians blame on costly legal disputes and litigation, Farmers did not cite those issues in its decision. Instead, it blamed the growing costs of #NaturalDisasters and construction."

     #ClimateChange #ExtremeWeather
     https://www.washingtonpost.com/climate-environment/2023/07/12/farmers-insurance-leaves-florida/?pwapi_token=eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJzdWJpZCI6IjIyMTE0ODA3IiwicmVhc29uIjoiZ2lmdCIsIm5iZiI6MTY4OTIyMDgwMCwiaXNzIjoic3Vic2NyaXB0aW9ucyIsImV4cCI6MTY5MDUxNjc5OSwiaWF0IjoxNjg5MjIwODAwLCJqdGkiOiJjOWIzNTJhYy04OTc2LTRkZWYtYWU2Yy1kMjJjMDU1YTZkOTgiLCJ1cmwiOiJodHRwczovL3d3dy53YXNoaW5ndG9ucG9zdC5jb20vY2xpbWF0ZS1lbnZpcm9ubWVudC8yMDIzLzA3LzEyL2Zhcm1lcnMtaW5zdXJhbmNlLWxlYXZlcy1mbG9yaWRhLyJ9.IHfHUp3rUmqKaFQV4z462jrHDD_SUigSckvcNo7gIiw

   • Embed this notice
     CelloMom On Cars (cellomomoncars@mastodon.social)'s status on Saturday, 30-Mar-2024 07:10:23 JST CelloMom On Cars

     in reply to

     "Since most #US #insurance companies are backed by international #reinsurance companies that cover other parts of the world, #homeowners everywhere will pay the price for #ClimateChange’s global effects."

     https://www.vox.com/climate/2023/7/13/23792409/floods-vermont-new-york-natural-disaster-insurance-global-climate-risk-change

   • Embed this notice
     CelloMom On Cars (cellomomoncars@mastodon.social)'s status on Saturday, 30-Mar-2024 07:10:23 JST CelloMom On Cars

     in reply to

     DeSantis:
     "Knock on wood."
     Followed by:
     "Thoughts and prayers" ??

     "#Florida’s #insurance crisis: #DeSantis says ‘knock on wood’ during #hurricane season.
     Insurers will return to Florida after hurricane season, DeSantis says"

     "The governor said last year that #CitizensInsurance was unfortunately undercapitalized and that the company could go belly up if they actually had to weather a storm."

     https://www.news4jax.com/news/local/2023/07/13/floridas-insurance-crisis-desantis-tells-floridians-to-knock-on-wood-during-hurricane-season/