@ECChi83 @chrislhayes@justinbaragona Some state insurance regulators now require insurance companies to factor the effects of climate change into their business plans.
@KucinskiGeri @chrislhayes Property-casualty insurance companies have not asked any government for a bailout. Please post a link if you find a report to the contrary.
@HolyMos79075944@chrislhayes The property-casualty insurance industry paid almost $27 billion more in losses than it received in premiums in 2022. https://t.co/smDVR6QP2I
@hotdogken@chrislhayes The property-casualty insurance industry paid out almost $27 billion more in losses in 2022 than it received in premiums. https://t.co/smDVR6QP2I
@LolaAndCrash@GNSNick@chrislhayes No property-casualty insurance companies have requested government bailouts. Even during the financial crisis in 2008, the insurance operation at AIG was solid - it was the investment subsidiary that almost sank it.
@TruthAboveAll_0 @chrislhayes Exactly how is Bidenomics responsible for wildfires burning down Maui & California? Those are the types of events that are impacting homeowners insurers.
@HoorayBeerz1@chrislhayes Insurance exists because it is less expensive for individuals & businesses to pay someone else to assume their risks of a fire, hurricane, burglary, etc. It has existed for 100s of years and will exist for 100s more.
@lynnearnold @x71927@BeamMeUpScotee@chrislhayes Not true. Insurance companies can and do go out of business when their losses exceed their reserves. A dozen companies have gone bust in Florida in just the past few years.
Micron’s chips investment alone could increase the size of Syracuse area economy by a third, not even counting its knock-on effects.
(From @techreview https://t.co/DXriK1CExh)