Insurance Companies On Climate Change: Don’t Ask, Don’t Tell

Great, you lived through Hurricane Sandy, now just call your insurance company. What do you mean, it’s an unlisted number? (Photo by Wavlan/Flickr)

Great, you lived through Hurricane Sandy, now just call your insurance company. What do you mean, it’s an unlisted number? (Photo by Wavlan/Flickr)

Property-insurance companies are just like politicians in that they don’t want to talk about climate change, because if they did they would be expected to explain what they are doing about it, and they aren’t doing anything about it. Unlike politicians, who seem to be getting away with pretending ignorance, insurance companies are being presented with ever more claims, that are ever more expensive, for more and more losses. To stay in business, they are finding, they have to not only appear to be doing something, which is all we ask of politicians, they are going to have to actually stop the hemorrhaging. Tricky, when you can’t admit the patient has been injured.

In the best traditions of American Free Enterprise, the insurance companies are striding forward into the far distance, girding to protect their policyholders against any risk except those which actually exist. These are some of their favorite methods: Continue reading

Wait, What? Congress Fixed Flood Insurance?

Superstorm Sandy not only did this to Fire Island, NY, but made it easier to do again. (Photo: Cheryl Hapke, USGS)

Superstorm Sandy did this to Fire Island, NY. Government flood insurance used to make it easy to do again. Not any more. (Photo: Cheryl Hapke, USGS)

What were we doing in July? Oh, right, Sheriff Joe Arpaio announced he had proof that President Obama’s birth certificate was a fake. And the FBI report on the Joe Paterno thing came out. And they discovered evidence of the Higgs Boson, aka the God Particle. Small wonder then, that Congress picked that month to pass a piece of legislation that actually made sense. How else could they protect their cherished, hard-won reputation  as a Congress that hasn’t done anything and isn’t ever going to do anything? Continue reading