For the first time, California’s insurance commissioner will allow insurance companies to factor in future climate risks when setting new policy prices. The move is aimed at keeping companies from fleeing the state, but critics are concerned over spiked premiums. NBC News’ Miguel Almaguer reports.
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#California #ClimateChange #Insurance
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Democrats literally working against the People… you know Insurance companies paid Ricardo off…
Using the flimsy pretense of "climate" to further price the middle class out of home ownership. They want a nation of perpetual renters.
Thank goodness we are sending hundreds of billions of dollars to the people of Ukraine. At least they will be living the dream.
My insurance went up $1000 last year. Im not eager to see what the new premium is gonna be.
The grift continues and keeps getting more expensive. Isn't a society based on usury enough ?
I'm so done living at this moment. We can't afford food. Now we will no longer be able to have a roof over our heads. You gotta be kidding. The rich just want to keep lining their pockets while the rest of us have to choose food or roof.
More fake news, climate change is the way the corrupt failed Democrat leadership is applying to raise taxes!
Democratic party California that most taxed state period with the worst healthcare and open borders free stuff for illegal immigrants to vote democrat but don't worry California is funding Ukraine over priority, so see how this one party state works
Now those of us on solid land can pay for the houses built on sand. Such bull puckey.
Oh bull honkey the insurance company’s have been doing this for years ! We were trying get to fire insurance in a wild fire area 20 years ago ! Nada zip no way !
Thank you, may I have another?
Time for Texas
Is this "New" policies or existing?
Insurance companies are thieves.
Kinda simple.
They will blame Wile E Coyote for and refuse to pay for a Roadrunner hitting your home.
Thank repub deregulation
But climate change isn’t happening, right?
Why don't you factory in on those oil to get revenue for climate change?
Why get insurance they never pay you.. its like legal robbery..wake up people.
This country is so overtly contradictory and obviously biased toward the desires of corporations to the expense of regular people. The government allows insurance companies to charge us higher premiums because climate change is real, but continue to let oil and natural gas companies continue with nearly zero friction from the government because apparently climate change is not that big a worry, or not real. Only in this country.
"You will own nothing and be happy"
EARlY!
Should be very worried after what they did to Maui lol
Alright another reason to leave CA!!!
I'm surprised insurance companies had to be "allowed" to do this. If they're a private company, couldn't they have done it anyway?