On Climate Change, Big Oil Vs…. The Insurance Industry?
If an insurance company can come up with grounds to deny a claim, they will. That strategy may finally move the needle on global warming.
Via Moyers & Company:
Our campaign finance system being what it is (or isn’t), it takes big money to move the political needle on an issue. So it would help the cause of those concerned about climate change if an industry-wide interest group with deep pockets were to step up to take on the fossil fuel industry.
Perhaps it will be the insurance business. Insurance companies have heaps of liability in covered assets that will likely be harmed by climate change — homes in communities vulnerable to floods, for instance, or farms in the increasingly parched Southwest. As these assets become more difficult to pro...