If there is one thing insurance companies have faith in, it's statistics!

Jan 16, 2025 11:59 PM

insurance

climate_change

They are owned by the same people. Not likely

2 years ago | Likes 2 Dislikes 1

They just refuse to cover certain things in areas affected by them. Fire in California, flood in Florida and there is apparently nothing we can do about it.

2 years ago | Likes 4 Dislikes 1

The same groups of people own majority shares in both industries, that'd be like the left hand sueing the right. Corporations are never going to save us from other corporations.

2 years ago | Likes 2 Dislikes 1

That would be hilarious, but it's also probably not going to happen.

2 years ago | Likes 2 Dislikes 1

2 years ago | Likes 2 Dislikes 0

This (broadly speaking) is the solution - big shit doesn't happen unless billionaires profit from it, gotta pit billionaires against each other or make it in the best interest of money to make a better world.

2 years ago | Likes 9 Dislikes 1

Yup.

2 years ago | Likes 4 Dislikes 1

Wouldn't really work that way. The fossil fuel companies aren't using the fossil fuels. It's their customers who buy it, then burn it and put the pollutants in the air. Legally, the liability would be at that last step.

2 years ago | Likes 3 Dislikes 0

But they knowingly concealed and denied the damage it was causing. Just like big tobacco did

2 years ago | Likes 3 Dislikes 0

Yes. But the difference there is big tobacco was liable to their customer. That was really a product liability issue, which primarily goes to the buyer. The secondhand smoke lawsuits haven't gotten much traction in terms of financial liability for the tobacco companies.

2 years ago | Likes 1 Dislikes 0

https://en.wikipedia.org/wiki/Tobacco_Master_Settlement_Agreement similar to the rulings against Purdue Pharma and the opioid crisis. It's not just the people who purchased the products who can be held liable

2 years ago | Likes 1 Dislikes 0

So that is an exception. States passed specific laws, extending that liability for medicare expenses to third parties. Without those laws the states passed, there is no general liability for fossil fuels that extend past the person who bought and used it. That can change in the future if additional laws are passed. But it's not the case right now. https://www.researchgate.net/publication/37810153_Denying_Due_Process_in_the_Florida_Courts_A_Commentary_on_the_1994_Medicaid_Third-Party_Liability_Ac

2 years ago | Likes 1 Dislikes 0