this post was submitted on 08 May 2025
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This won't fool the insurance companies. They're the ones on the hook for this.
Depends. Some of their CEOs will shamelessly bow to the party line, though not all. Definitely not Berkshire-Hathaway.
Uh, no they won’t?
The entire business model of insurance is to understand risk and assign a cash-value to it. Ignoring risk means their business model falls apart. They’re not going to ignore risk, in any dimension. And if they’re MADE to “ignore” risk in a particular dimension… they’re still going to analyze it and have actuarial tables around it, and will instead just factor it in by raising prices across the board.
What do you mean? They have to update their risk models or they'll go out of business unless I'm misunderstanding.
They will have to pick between lip service (and hiding the changes by, say, quietly pulling out of places?) and government retribution. Mark my words, at some point they will go after any kind of “climate agenda.”
And that balance will depend on leadership. I mentioned Berkshire specifically because (at the top level, at least) they’re pretty old school with a low tolerance for nonsense, and big enough to eat the retribution.
No they'll just say what the government wants and do what they have to anyway. Hypocrisy is the way they operate already.
Trump only gives a shit about what people say publicly anyway. It's the single most important thing for him.
Lol no they aren't and don't give two shits.
Are insurance companies not on the hook for the properties they insure?
Yes. They can deny for any reason, mostly shareholders. It is primarily a for-profit scam industry who will sign anyone up for premiums that will pay out nothing.