Pamela,
Climate disasters are growing more severe and frequent and we're seeing homeowners pay more for their insurance coverage, while having diminishing coverage.
Between 2021 and 2024, property insurance premiums rose 24%, twice as fast as inflation, while insurers canceled policies, denied claims, and withdrew from high-risk areas. The iconic part of all of this? These insurance companies are fueling the crisis they claim to be victims of. They invest billions of dollars in fossil fuel projects that drive the wildfires, floods, and storms destroying our homes and communities.
So these companies are burning the climate at both ends, by both majorly increasing the rates for homeowners in areas affected by the climate crisis while also enabling the companies that are causing it to worsen. But there's something we can do about it: Tell your governor and state legislators to pass the Fossil-Free Insurers Act and make insurance work for people, not polluters.
The Fossil-Free Insurers Act is model state legislation that helps break the vicious cycle of leaving families unprotected while corporations profit. We need to hold insurers accountable and protect the people they serve.
Insurance companies have been greedy for far too long while operating in the shadows, quietly investing in fossil fuel expansion, while blaming climate change for pulling out of vulnerable communities, rather than taking full accountability.
Now, the Fossil-Free Insurers Act aims to change that dynamic. It makes transparency, accountability, and climate responsibility a condition of doing business in our country. That's why it's critical for our states to pass the Fossil-Free Insurers Act.
Urge your state representatives to pass the Fossil-Free Insurers Act to make insurance work for people.
Thank you,
Mike Phelan
Progress America
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