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

Perhaps the most interesting part of the article:

  • Unpigged@lemmy.dbzer0.com
    24·
    4 months ago

    I think the curious aspect of this is that business is absolutely aware, and acknowledges existence of the climate change.

    • kent_eh@lemmy.caEnglish
      5·
      4 months ago

      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

        • kent_eh@lemmy.caEnglish
          1·
          4 months ago

          If they run out of people/places that are profitable to insure any more, there won’t be any profits to make.

    • gandalf_der_12te@discuss.tchncs.de
      2·
      4 months ago

      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.