Collapse

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This is the place for discussing the potential collapse of modern civilization and the environment.

Collapse, in this context, refers to the significant loss of an established level or complexity towards a much simpler state. It can occur differently within many areas, orderly or chaotically, and be willing or unwilling. It does not necessarily imply human extinction or a singular, global event. Although, the longer the duration, the more it resembles a ‘decline’ instead of collapse.

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Home insurers cut natural disasters from policies as climate risks grow (www.washingtonpost.com)

submitted 1 year ago by [email protected] to c/[email protected]

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In the aftermath of extreme weather events, major insurers are increasingly no longer offering coverage that homeowners in areas vulnerable to those disasters need most.

At least five large U.S. property insurers — including Allstate, American Family, Nationwide, Erie Insurance Group and Berkshire Hathaway — have told regulators that extreme weather patterns caused by climate change have led them to stop writing coverages in some regions, exclude protections from various weather events and raise monthly premiums and deductibles.

Major insurers say they will cut out damage caused by hurricanes, wind and hail from policies underwriting property along coastlines and in wildfire country, according to a voluntary survey conducted by the National Association of Insurance Commissioners, a group of state officials who regulate rates and policy forms.

Insurance providers are also more willing to drop existing policies in some locales as they become more vulnerable to natural disasters. Most home insurance coverages are annual terms, so providers are not bound to them for more than one year.

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[–] [email protected] 14 points 1 year ago

When unhindered climate change meets capitalism.

The social costs of carbon emissions are estimated to be around 300 $/t The US is emitting 14 tonnes per person and year. So the damage caused directly and indirectly to the economy is around 4,200 $ per person and year.

The corporations are not paying that. The normal people will and it is starting now. This is what the scientists and experts had been warning and continue to warn about. This is what republicans are fiercly and democrats also very much lying, denying and lobbying against. This will be the rich and corporations eating the middle class and poor.

The american people will be fucked by climate change. Whatever middle class remains for now will be eroded by the additional economic burden of paying up for the damages that will be caused directly and the lack of opportunity and development that will be caused indirectly. Just ask yourself if you could front an additional 200,000 $ over the span of your life.

This is why climate protests demand "system change not climate change". Bot the prevention of climate change and the adaption to climate change are impossible in the current economic system.