Climate warning
Image of State Farm

State Farm

Climate warning

Discontinuing new homeowners insurance applications in California due to climate change risks

State Farm has stopped accepting homeowners insurance applications in California due to the mounting costs of rebuilding after frequent escalating wildfires in the state.
I find this to be a cowardly move by State Farm because instead of putting greater pressure on the Federal and state government to address climate risks and develop green transition plans, State Farm decides it's just going to stop offering new homeowner insurance applications to Californians (even though State Farm is the largest provider of homeowners' insurance in the state).
State Farm, if you're reading this, I would suggest reversing this action of stopping new applications for homeowners insurance in California. Instead, I encourage you to take the lead in sharing your expertise with policymakers about what needs to change. You could proactively address the unique insurance challenges posed by the climate crisis.
State Farm, you should be actively lobbying both the Californian and Federal government to take decisive climate action because if you think things are expensive now, just wait.
Each year of climate inaction adds to the growing financial burden, affecting not just California but also all the other U.S. states that are grappling with the climate crisis. So what's your next step, State Farm? Stop all new homeowner coverage across the United States? 🤡
The Camp Fire raged around the city of Paradise, California in 2018. It destroyed 11,000 homes and displaced 50,000 people.  (Image Credit: Noah Berger/Associated Press)
The Camp Fire raged around the city of Paradise, California in 2018. It destroyed 11,000 homes and displaced 50,000 people. (Image Credit: Noah Berger/Associated Press)

On the ESG section of the State Farm website, it also says, "State Farm is committed to making a measurable difference for people, the planet and how we do business." — I guess Californians didn't get the memo on this.
Read more about State Farm's decision by clicking the link below:


Do you agree?

29 more agrees trigger contact with the recipient

  • Joseph Githinji

    58 w

    This is warring the insurance firm must work hand in hand with the government to aid in preventing their clients and the subjects of this nation from climate change effects.

    2
    • Evangeline Wanjiru

      58 w

      The claims will be unimaginable

      1
      • Tabitha Kimani

        58 w

        Loss and damage arising from climate change is going to be too costly. That's why prevention is better than cure.

        8
      • Milito Wandera

        58 w

        The effects of climate change are going to very costly. Funding for rebuilding/reconstruction of infrastructure after wild fires and hurricanes, feeding the hungry due to drought is going to be impossible.

        8
        Welcome, let's solve the climate crisis together
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