Insurance

An Unsettling Climate Warning For Homeownership

February 21, 2026 Robert Hunziker, Counter Punch. Educate! climate crisis, Extreme weather, Global heating, Housing, Insurance

Earth’s climate system has suddenly shifted to a new phase of global warming acceleration that few saw coming. This ups the ante for risks of severe climate-related disaster scenarios following a record-shattering year in 2025. This directly impacts American homeownership, whether it is compatible with current U.S. energy/climate policies. “The last three years are indicative of an acceleration in the warming. They’re not consistent with the linear trend that we’ve been observing for the 50 years before that,” according to Robert Rohde, chief scientist at the Berkeley Earth monitoring group.

This Little-Known Appeal Could Force Insurers To Pay For Lifesaving Care

October 8, 2025 Duaa Eldeib, ProPublica. Resist! health, Health Care, Insurance, Insurance Companies

When a health insurance company refuses to pay for treatment, most people begrudgingly accept the decision. Few patients appeal; some don’t trust the insurer to reverse its own decision. But a little-known process that requires insurers and plans to seek an independent opinion outside their walls can force insurers to pay for what can be lifesaving treatment. External reviews are one of the industry’s best-kept secrets, and only a tiny fraction of those eligible actually use them. ProPublica recently reported the story of a North Carolina couple, Teressa Sutton-Schulman and her husband, who we identified in the story by his middle initial, L, to protect his privacy.

Launching A Global Campaign Against The Insurers Of Israel’s Genocide

August 13, 2025 The Canary. Resist! AIG, AXA, climate crisis, Fossil Fuels, Genocide, Insurance, International Solidarity, Israel, Palestine

This September, activist groups across five continents plan to strike two of the world’s most powerful insurance companies: AXA and AIG. Together, they are launching a powerful wave of global resistance with a synchronised campaign of disruption. The aim is to expose the companies’ role in fueling genocide, climate destruction, and social collapse. Under the banner ‘Insure Our Survival‘, thousands of campaigners in Africa, Europe, Asia, and the Americas will take action from 8 September. Organisers are calling the wave of action a “coordinated global backlash” against the insurance giants underwriting fossil fuel expansion and weapons war criminal states are using in mass atrocities – particularly in Palestine.

Cheap Tricks For Hard Problems

July 29, 2025 Hamilton Nolan, How Things Work. Strategize! climate crisis, Economic crisis, Environment, Insurance

The future is impossible to predict in its particulars. But if you understand the nature of a problem, and the nature of the economic incentive structure relating to the problem, and the nature of the political system and the personalities of the decision-makers surrounding the problem, it is very possible to make medium-term predictions about the general nature of what is going to happen with high confidence. Climate change. Big problem. It is hard to say to what extent humanity as a whole, as embodied by all the governing structures of the world, will rally itself to respond wisely to the problem, and how much damage to humanity’s well-being will occur in the meantime.

A Public Model For Home Insurance

January 20, 2025 Moira Birss and MacKenzie Marcelin, Dissent Magazine. Create! Extreme weather, Florida, Housing, Insurance, Public ownership

With every extreme weather event, housing is damaged and belongings are lost. Insurance is supposed to be the safety net that helps people to recover and restart their lives. But as major disasters like hurricanes, wildfires, and hailstorms increase in frequency and severity thanks to climate change, more insurance companies are cutting back on policies, jacking up premium rates, or refusing to cover whole areas of the country. This change is leaving people who live in affected homes—including everything from single-family houses to multifamily rental buildings—facing financial hardship and even homelessness, among other ruinous consequences.

Insurance Firms Are Hiring Middlemen To Deny Medications

December 15, 2024 Mike Ludwig, Truthout. Educate! Health Care, Insurance, Medications, Pharmacy Benefit Managers

Amid an outpouring of frustration with for-profit health insurance sparked by the assassination of UnitedHealthcare CEO Brian Thompson on December 4, much of the media coverage has focused on the alleged shooter, 26-year-old Luigi Mangione, and the industry’s nasty habit of maximizing profits by denying claims and leaving sick and vulnerable patients with massive medical bills. There’s plenty of data to back up the anger over private health plans expressed online since the shooting. Insurance costs are far outpacing inflation, leaving patients with soaring out-of-pocket costs.

UnitedHealth’s Playbook For Limiting Coverage Puts Countless People At Risk

November 20, 2024 Annie Waldman, ProPublica. Educate! Denials, health, Health Insurance, Insurance, mental health, UnitedHealthcare

For years, it was a mystery: Seemingly out of the blue, therapists would feel like they’d tripped some invisible wire and become a target of UnitedHealth Group. A company representative with the Orwellian title “care advocate” would call and grill them about why they’d seen a patient twice a week or weekly for six months. In case after case, United would refuse to cover care, leaving patients to pay out-of-pocket or go without it. The severity of their issues seemed not to matter. Around 2016, government officials began to pry open United’s black box.

New Report: Insurers Are Gaming Medicare To The Tune Of $140 Billion

October 15, 2023 Matthew Cunningham-Cook and Lucy Dean Stockton, The Lever. Educate! Health Care, Insurance, Medicare, Medicare Advantage

The federal government is losing as much as $140 billion per year by subsidizing private Medicare Advantage plans, according to a bombshell new report. In the groundbreaking investigation, health care researchers identified the four major ways that private insurers systematically exploit the taxpayer-funded national health insurance program while denying care to the nation’s most vulnerable patients. The researchers additionally found that seniors could save over $1,800 in annual fees taken from their Social Security checks if the government redirected what it spends subsidizing Medicare Advantage plans to instead reduce premium costs. Under the current arrangement, “traditional” Medicare pays about $12,000 a year to private Medicare Advantage insurers for every patient whose care they “manage.”

The National Flood Insurance Program Is Broken

September 17, 2023 Krista Egger, Next City. Create! climate crisis, Extreme weather, Floods, Insurance

The most expensive type of disaster in the United States is flooding. Hurricanes, a major source of flooding, make up seven of the 10 costliest disasters in United States history, from Katrina in 2005 to Ian in 2022. Together, these storms alone have cost $800 billion, adjusted for inflation. Half a century ago—before any of these storms occurred—the federal government created the National Flood Insurance Program (NFIP), a public sector alternative to fill in the gaps in higher-risk areas where commercial insurance is unavailable. But as the frequency and severity of flooding events have increased—and as insurers continue to add to the list of states they refuse to insure—the NFIP has become massively oversubscribed, amassing more than $20 billion in debt on behalf of its five million policyholders.

US Facing Up To $2 Trillion Bill Each Year From Climate Crisis By 2100

April 8, 2022 Louise Boyle, The Independent. Educate! Biden administration, climate crisis, Finance and the Economy, Insurance

Failing to take action on the climate crisis and surrendering to a worsening spiral of wildfires, heatwaves, flooding, and extreme storms, could leave the federal government with an annual bill of $2 trillion by the end of the century, according to new federal analysis. President Joe Biden released his federal budget for fiscal year 2023 last week which included $44.9bn to tackle the climate crisis, close to a 60 per cent increase from 2021. The budget also included a formal accounting on the financial risks of climate change to the US government for the first time. The analysis, conducted by the chief economist in the White House’s Office of Management and Budget (OMB), and the associate director for climate, energy, environment, and science, found that US gross domestic product (GDP) could be slashed 3 to 10 per cent by the end of this century.

AIG To Stop Insuring Coal, Tar Sands, And Arctic Drilling

March 2, 2022 Kenny Stancil, Commondreams. Resist! AIG, Divestment, Fossil Fuels, Insurance

Climate justice advocates celebrated Tuesday in response to insurance giant AIG's announcement that it will no longer invest in or provide insurance coverage for any new Arctic drilling activities nor will it finance or underwrite the construction of any new coal-fired power plants, thermal coal mines, or tar sands projects, effective immediately. AIG also said that it will immediately stop investing in or underwriting "new operation insurance risks" of coal-fired power plants, thermal coal mines, or tar sands projects owned by corporations that derive 30% or more of their revenue from those industries or generate over 30% of their energy production from coal.

Directors Of World’s Top Insurance Companies Tied To Pollution

October 8, 2021 Rachel Sherrington, DeSmog Blog. Educate! Corporatism, Fossil Fuel, Insurance

Just over half of all directors at 30 of the world’s largest insurance companies have affiliations to polluting companies and organisations, reveals an investigation by DeSmog, including several individuals holding senior roles at some of the world’s largest energy companies. The findings raise concerns over a potential pervasive conflict of interest on the boards at a time when the international insurance sector is under pressure to halt its support for the fossil fuel industry. Positions held by the insurance directors analysed ranged from director and advisory roles, including current roles at ExxonMobil, Total, and RWE, along with current and former memberships to industry trade association and think tanks, such as the US Chamber of Commerce. DeSmog analysed director CVs on company profiles, LinkedIn pages, official filings, and news clippings from July 2021, logging the past and present work experience of 371 insurance directors who currently sit on the boards of 30 of the world’s largest property and casualty insurers.

Indigenous Youth Demand End To Trans Mountain Insurance

February 21, 2021 Katie Hyslop, The Tyee. Resist! Canada, Divestment, Insurance, Trans Mountain Pipeline

A group of Indigenous youth took their fight against the Trans Mountain Pipeline expansion project to the Vancouver offices of insurance companies backing the controversial venture earlier this week. On Thursday, approximately 20 youth from the xʷməθkwəy̓əm, Skwxwú7mesh, Səl̓ílwətaɬ (Musqueam, Squamish, Tsleil-Waututh) and other First Nations occupied the lobby — as well as south and west entrances — of 250 Howe St., a high-rise building housing Chubb Insurance Co. of Canada, one of 11 insurers backing the pipeline project. “We are demanding that they stop insuring the pipeline,” said a protest spokesperson who declined to give their name. “We’re going to be here all day, we’re going to make sure that they hear us, that they know that we’re here, that we know that we are trying to pressure them to stop insuring this pipeline.”

Economic Impacts Of Civil Unrest

August 11, 2020 Jim Sams, Claims Journal. Educate! Business, Civil unrest, Insurance, Property damage

The civil disturbance that started in Minneapolis after the killing by police of George Floyd spread to 20 other states — an unprecedented property insurance catastrophe that will likely impact policy renewals and could even persuade some insurers to exclude coverage for damage caused by riots, executives for Verisk’s Property Claim Services said. “In the U.S., there has been no precedent for a riot catastrophe like this,” Tom Johansmeyer, head of PCS, said during a telephone interview with the Claims Journal on Thursday.

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