New research from @cplusc.bsky.social & @consumerfed.bsky.social shows that average across the US it is MORE EXPENSIVE to have a poor credit score than to live in a zip code with a high disaster risk: climatecommunityinstitute.substack.com/p/insurers-c...

Glad to share a new Public Citizen piece on Minnesota's insurance crisis. Authored by one of our climate & insurance interns, it proposes reforms for a new state task force and features maps from @kennystancil.bsky.social Article: www.citizen.org/article/clim... datawrapper.dwcdn.net/LkvOl/3/

Interested in investigative research and the impact of climate change on insurance? Come work with me at Public Citizen! We're hiring a Research Director position, a position ideal for former reporters publiccitizen.applytojob.com/apply/R9dmHL...

"The climate crisis is spiraling out of control and taking our home insurance with it....Where are the regulators?"

Great clip of @kennystancil.bsky.social explaining how, despite the growing cost of climate change, insurers are making record profits

Proud to share a new piece with @kennystancil.bsky.social on the need for federal data on climate costs. We compare the public officials urging DOGE to cut it with the insurance crises unfolding in their states www.citizen.org/article/atta...

Looking forward to this @ThirdActOrg talk with NY Lt. Gov. Delgado and Bill McKibben on energy affordability thirdact.org/nyc/events/lt-gov-delgado-bill-mckibben-in-conversation-30-minutes/

Looking to see how the home insurance crisis is affecting your area? Check out these new interactive maps we released, with incredible work from @kennystancil.bsky.social

With wildfires raging and insurance markets melting across the country, state regulators should be focused on doing their jobs, not trying to prevent the federal government from conducting surveys and generating solutions. www.theinsurer.com/ti/news/naic...

Seems like it should be harder to claim you're a "force for stability" when you're dropping homes all over the country... www.lohud.com/story/opinio...

Brace yourself for the corporate crime spree

Great blog. Crazy that insurance companies still get to do this

devastating for our ability to respond to the home insurance crisis www.theverge.com/news/622990/...

Attacking the CFPB will make insurance consumers more vulnerable As homeowners lose coverage, banks could “force-place” expensive backup insurance, with little incentive to keep the price reasonable. Without oversight from the CFPB, this could be ripe for abuse. thehill.com/business/513...

Climate risk is financial risk

After two weeks under Trump, the one entity federal entity responsible for monitoring insurance markets appears set to bury its head in the sand on climate change. That’s a recipe for financial disaster.

Buried, amid the more immediate casualties and clearly visible damage of modern wildfire disasters, are the far more numerous victims of the secondary harms and "chronic emergencies" that subsequently unfold for months and years thereafter.

There's no doubt that insurance premiums will go up as climate costs grow. While insurers will surely find ways to profit, there's a real question about whether vulnerable people can pay higher costs indefinitely. And what happens to the economy if they can't?

Fascinating new data showing a bipartisan majority prefer a public approach to home insurance

Incredible coverage on a disturbing trend:

Thanks to climate change, we're barreling towards an insurance crisis, as I wrote for @climateconnections.bsky.social today. It's not just California and Florida – nobody's insurance rates are safe 🧵(1/13)

The insurance crisis is an "everything" problem. We need a whole spectrum of solutions. This is why we're organizing with groups across the country to discuss solutions that put the public first shelterforce.org/2024/10/25/h...

Insurance companies have been really good at presenting themselves alternatively as hapless financial victims and omniscient entities whose models cannot be questioned. Both narratives deserve scrutiny. newrepublic.com/article/1900...

The origin of the FAIR plans is a story of letting companies (1) fuel a problem (2) turn it into a political crisis at a convenient time and (3) dictate a profitable solution with no safeguards. Repeating that pattern is probably not the answer www.theguardian.com/us-news/2024...

An interesting new study with an important finding: climate change can threaten household financial health. For anyone struggling to afford home insurance after a disaster, this likely isn't surprising papers.ssrn.com/sol3/papers....

To show they can handle the insurance crisis, states should at least be publishing some simple data. But after several years, their latest statement…states nothing at all. What’s taking so long?

Interesting visualization of the impact of climate change on insurance premiums It's weird that we have to get this through mortgage data though in the absence of a national public data source on home insurance www.theguardian.com/environment/...

I recently spoke with Inside Climate News about a positive role insurers could play in climate change: shifting investments from oil and gas to clean energy and communities. A new bill in New York would require them to do just that insideclimatenews.org/news/3011202...

Climate change is creating an insurance crisis. In a new piece with @carolinenagy.bsky.social we describe why we're forming the new Equitable and Just Insurance Initiative to advocate reforms shelterforce.org/2024/10/25/h...