Skip Navigation

News @lemmy.world

Track_Shovel @slrpnk.net

2mo ago

Thousands of Los Angeles homeowners were dropped by their insurers before the Palisades Fire

www.cbsnews.com Thousands of Los Angeles homeowners were dropped by their insurers before the Palisades Fire

About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.

Thousands of Los Angeles homeowners were dropped by their insurers before the Palisades Fire

Perhaps the most interesting part of the article:

You're viewing a single thread.

148 comments

I think the curious aspect of this is that business is absolutely aware, and acknowledges existence of the climate change.
- lol dude climate change has been in companies' drawers since the 1970s, for example shell and such. they just acted as if they didn't know to continue selling at record speeds.
- They should be putting in effort to reduce climate change impacts. It's in their financial interest, even if they have no capability to have a moral motivation
  
  I'm pretty sure these gamblers will profit all the way down.
  
  If they run out of people/places that are profitable to insure any more, there won't be any profits to make.

148 comments