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State of California

Climate love

California moves to allow insurance companies to factor in climate change risk

For the first time, California’s insurance commissioner will allow insurance companies to factor in future climate risks when setting new policy prices. The move is aimed at keeping companies from fleeing the state, but critics are concerned over spiked premiums. NBC News’ Miguel Almaguer reports. https://www.nbcnews.com/nightly-news/video/california-moves-to-allow-insurance-companies-to-factor-in-climate-change-risk-193590853567

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  • Esther Wanjiku

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    42 w

    Good move by California authorities

    • Kevin

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      42 w

      Hopefully insurance companies agree to this

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      • Rukia Ahmed Abdi

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        California's decision to consider future climate risks in insurance pricing is a necessary step to address the growing impact of climate change. While it aims to protect the state from insurance companies leaving, it also raises concerns about potentially higher premiums. Balancing affordability and climate resilience is a challenge, but it's crucial for a more sustainable and climate-resilient future. πŸŒŽπŸ‘πŸ’Ό #ClimateRisk #InsuranceReform

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        • Rop

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          42 w

          Excellent work πŸ’šπŸ’šπŸ’šπŸ’šπŸ’šπŸ’š

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          • Chakina Brian

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            42 w

            We need more construction and attention to our environment thank @Rotich Kim for sharing this excellent move by California πŸ₯‚

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            • George Kariuki

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              42 w

              Wonderful. We more of positive lobbying such as this to ensure that our future is sustainable.

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              • walter lungayi

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                The decision to allow insurance companies to consider future climate risks when setting policy prices in California is a step towards addressing the impact of climate change. However, it remains to be seen how this will affect insurance premiums and whether it will be affordable for consumers.

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                • rosebellendiritu

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                  42 w

                  The consideration is worth it,without anything fishy behind like extortion

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                  • favour manuel

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                    42 w

                    California πŸ’šπŸ’šπŸ’š goodmoveπŸ”₯πŸ”₯

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                    • Annett Michuki..

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                      42 w

                      πŸ’š

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