- cross-posted to:
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- cross-posted to:
- [email protected]
More insurance companies are fleeing the state because of the growing threat from natural disasters.
More insurance companies are fleeing the state because of the growing threat from natural disasters.
Texas is always at a high risk of someone plugging their phone charger into the wrong outlet and taking out the grid for the entire state. They are a special kind of stupid
Arizona is interesting. They definitely have massive drought issues. But wildfire wise, they tend to be pretty okay. I assume because there isn’t enough moisture to actually grow trees to burn but I am sure it is more complex than that.
Still, compare these
https://en.wikipedia.org/wiki/2022_Arizona_wildfires versus https://en.wikipedia.org/wiki/2022_California_wildfires
And, for fun, New Mexico: Like Arizona but with fewer people, worse roads, and a little bit more water. https://en.wikipedia.org/wiki/2022_New_Mexico_wildfires
Wildfires aren’t the issue with Arizona, extreme heat is.
Which isn’t something insurance covers and thus not applicable here.
You can’t (easily) file a claim because “it is hot as balls outside”. You can (generally) file a claim for “my house burned down”.
The planet becoming more and more inhospitable is one side of this hell. But the issue with insurance companies pulling out is that it leaves the owners holding the bag. The bag, in this case, being a massive mortgage on a condemned plot of land.
“Hot as balls” raises workers’ comp. and health insurance payouts, people getting heat exhaustion and heat stroke, even heart and respiratory diseases can be brought on or worsened by heat.