Which states? I can see this being a possible stop-gap for price gouging customers with the excuse “because the climate is changing”. I wouldn’t trust insurance companies to make the moral choice, given the opportunity.
Realistically, I’m guessing it’s just pure climate change denial legislation, so I’m curious where it’s implemented.
Insurance companies tried to adjust their strategies 10 years ago to account for climate disasters, and they still underestimated the impact
In some states it’s illegal for them to take it into account…
Which states? I can see this being a possible stop-gap for price gouging customers with the excuse “because the climate is changing”. I wouldn’t trust insurance companies to make the moral choice, given the opportunity.
Realistically, I’m guessing it’s just pure climate change denial legislation, so I’m curious where it’s implemented.
https://dfr.oregon.gov/insure/home/pages/wildfire-risk-map-insurance.aspx
What I wrote was not completely accurate. In Oregon, It’s illegal to use the state produced wildfire risk maps.
My bad.