@therickmorris.bsky.social
Climate change x insurance with @publiccitizen.bsky.social (formerly w/ Sierra Club). Views are my own, but they can be yours too.
@publiccitizen.bsky.social & @revolvingdoordc.bsky.social document the fleecing of Americans by home+auto insurers. They saw record profits of $69 bil, investment income of $112 bil, and a record surplus of $1.27 trillion. It's their fault you can't make ends meet. www.citizen.org/article/insu...
Insurers Score Record Profits While Consumers Paid in 2025
The property and casualty (P&C) insurance industry just posted its most profitable underwriting year in over two decades.
citizen.org
Insurance companies are in bed with the arsonists to fleece you for everything you're worth. Fantastic piece to understand the financial machine warming our world.
Mark Gongloff@markgongloff.bsky.social · 2mo agoInsurers are some of the world’s biggest complainers about climate damages. So why are they defending Big Oil from accountability for those same climate damages? Follow the money Gift link to my column for @opinion.bloomberg.com www.bloomberg.com/opinion/arti...
NEW: The Trump administration has relentlessly undermined hurricane readiness and response capacity. When things go wrong, the opposition should make the president and his GOP accomplices pay a political price.
Democrats Can’t Let Trump Off the Hook When the Next Big Hurricane Hits
The White House has relentlessly undermined disaster readiness and response capacity. When things go wrong, the opposition should make the president and his GOP accomplices pay a political price.
revolvingdoorproject.substack.com
What he said 👇
Caleb Heeringa@calebheeringa.bsky.social · 2mo agoCannot recommend "Born in Flames: The Business of Arson and The Remaking of the American City" enough. One of the best nonfiction books I've read in years & vital to understanding the hidden role of the insurance industry in our lives. @benchansfield.bsky.social www.pulitzer.org/finalists/be...
Do many people know that the ICC judges, once sanctioned by the US, almost immediately lost access to credit cards, google, amazon & microsoft cloud, etc. www.ft.com/content/4c3a...
shutting down streets outside schools for kids to play soccer is pretty much my political praxis. How is he so good at all of this
Mayor Zohran Kwame Mamdani@mayor.nyc.gov · 3mo agoNew York streets belong to New Yorkers, and Soccer Streets are for the kids. We’re turning the block outside your school into a car-free playground and World Cup celebration. Now until June 26, you’ll find Soccer Streets in front of 50 public schools across all five boroughs. Let’s play!
NEW in @350.org: Fossil fuel pollution, which insurers continue to support through their underwriting and investment practices, is supercharging the extreme weather that is driving up home insurance prices.
Out of Pocket: Pollution Premiums – the real cost of fossil fuels on our insurance bills
Fossil fuels are making our insurance premiums unaffordable and exposing us to financial ruin. But momentum is building to ramp up clean energy and make polluters pay!
350.org
So proud to stand with extreme weather survivors from Louisiana hurricanes and San Diego floods. We delivered a letter to every state insurance commissioner backed by 49 orgs and 20,000 activists demanding to see the data behind the home insurance crisis. www.citizen.org/news/as-insu...
NEW: Dwindling home insurance availability and affordability is a clear manifestation of fossil fuel-driven climate chaos. Today, the Revolving Door Project published two tools to help illuminate aspects of this worsening crisis. 🧵⬇️
RELEASE: Home Insurance Regulation Blunted by Revolving Door Activity and Insufficient Resources. New Tools Highlight Scale of Problems | Revolving Door Project
It’s a lot easier to be an ambitious, pro-consumer and pro-climate regulator when you aren’t trying to preserve friendships with profit-maximizing insurance CEOs.
therevolvingdoorproject.org
A couple of weeks ago @bluestein.bsky.social tweeted a hot mic moment of a GA Rep about property insurers: "These insurance companies are just ruthless, greedy, sonsofb****es destroying our country in the disguise that they're helping." I wrote up how they're doing it: citizen.org/news/the-tor...
The “Tort Reform” Racket - Public Citizen
TL:DR The insurance industry is denying more and more claims and running a nationwide strategy to deny your right to…
citizen.org
👀 BlackRock just lost another ~$6B mandate after backsliding on addressing climate risk to its clients’ portfolios. NYC pension trustees meet this week and could approve the @nyccomptroller.bsky.social recommendation to shift $42B for the same reason. 🍿
Bloomberg News@bloomberg.com · 8mo agoPME, a Dutch pension fund overseeing about $70 billion, has severed ties with BlackRock based on an assessment that the world’s largest money manager no longer acts in its best interests on issues such as climate risk.
Governor Hochul is taking New York backwards. We won't let her. Thousands will march in Albany on April 18th with a clear message: It's Deadline Hochul. Join the mobilization launch Dec. 15 with special guests @billmckibben.bsky.social & @markruffalo.bsky.social ⬇️
This weekend, the New York Times ran a story claiming Sierra Club’s values have diluted our mission. They couldn’t be more wrong. The list of their errors is too long for one social post, but we go over some examples in these slides.
840,000 insurance policyholders in Florida are trapped in a mandatory arbitration system where the insurer almost always wins. Regular people are left to pick up the pieces and pay the settlements. We need a real investigation and accountability for this broken system.
Another day, another major news outlet publishing First Street criticism of FEMA whole cloth and without mentioning they are in the business of selling an alternative... www.nbcnews.com/science/envi...
Under water: How FEMA's outdated flood maps incentivize a system in which risk is negotiable
About 75% of the nation’s flood insurance maps are outdated, leaving the door open for property owners to seek their own flood mapping and appeal.
nbcnews.com
We disrupted the National Association of Insurance Commissioners national gathering this morning. Our homes and health are too important to let the insurance industry buy off our regulators. www.citizen.org/news/why-we-...
Why We Disrupted the Insurance Commissioners' National Gathering - Public Citizen
We’re at the National Association of Insurance Commissioners’ quarterly conference to demand state insurance commissioners listen to their constituents and…
citizen.org
Insurance commissioners shouldn’t take lavish gifts, campaign cash, or job offers from the companies they regulate. We’re demanding every state regulator sign an Anti-Corruption Pledge—no more revolving door, no more conflicts of interest ✍️ Add your name: act.citizen.org/page/86590/a...
Tell regulators to protect people, not big insurance companies
act.citizen.org
Like a good neighbor. . .
Revolving Door Project@revolvingdoordc.bsky.social · last yr.NEW: The industry paints a gloomy picture, but nationwide, property insurers still cleared $25.4 billion in underwriting profit in 2024, and their net investment income surged to $164.3 billion. By our @kennystancil.bsky.social. 🧵⬇️
Thinking of Texans in the Hill Country as they, their loved ones and neighbors work to recover from the tragedy that occurred over the past weekend. If you're looking for a way to help, consider the Kerr County Flood Relief Fund: tinyurl.com/KerrFloodRel...
/erp/donate/create/fund
tinyurl.com
Insurance giants shouldn’t be allowed to post profits and hike rates while denying fire survivors compensation they deserve. Tell CA officials to stand up to Big Insurance: No hikes until people get paid! Sign here: act.citizen.org/page/85237/p...
Tell Gov. Newsom and the California Insurance Commission to stand with fire survivors
act.citizen.org
6 months after the LA wildfires, CA is investigating 400+ insurance complaints from survivors. Yet, State Farm's raking in profits and asked for a 30% rake hike. Tell @governor.ca.gov and commissioner Ricardo Lara: No rate hikes until people get paid! act.citizen.org/page/85237/p...
Arkush ar-crushes it again on the senate floor. No notes.
Public Citizen@publiccitizen.bsky.social · last yr.We are losing to China in a competition for the future. Instead of producing energy smarter, the U.S. is defunding cleaner, safer, and cheaper energy. So the way to make America great is to fall behind??? Make it make sense.
New Yorkers can’t afford more delays to our Climate Law! NY Renews is cosponsoring a @thirdactorg.bsky.social talk with @delgadoforny.bsky.social & @billmckibben.bsky.social on 5/7 at 7 pm to discuss how we get there! thirdact.org/nyc/events/lt-gov-delgado-bill-mckibben-in-conversation-30-minutes/
Looking to see how the home insurance crisis is affecting your area? Check out these new interactive maps we released, with incredible work from @kennystancil.bsky.social
Revolving Door Project@revolvingdoordc.bsky.social · last yr.NEW: "Mapping the Home Insurance Crisis" contains a series of interactive maps and tables to help people make sense of the climate change-fueled home insurance crisis. A collaboration with @publiccitizen.bsky.social. 🧵 ⬇️
Here's our reaction to the CA FAIR plan bailout with a quote from @carolinenagy.bsky.social. CA is basically asking insurers to split the $1b bill with the public. Two things you might not realize though: ourfinancialsecurity.org/2025/02/news...
News Release: California Hands $500M Insurance Bailout Bill to Families & Homeowners - Americans for Financial Reform
The California State Insurance Commissioner Ricardo Lara approved a $1 billion bailout of the state’s FAIR (Fair Access to Insurance Requirements) plan to help cover over 3,400 claims it has received ...
ourfinancialsecurity.org
“This choice shows that the new administration will leave no favor ungranted for the oil and gas industry and the wealthy fossil fuel executives who funded Trump’s campaign,” - yours truly via @maxinejoselow.bsky.social www.washingtonpost.com/climate-envi...
Trump taps oil industry insider to oversee drilling on public lands
Bureau of Land Management nominee Kathleen Sgamma heads a fossil fuel industry trade group that sued the Biden administration over a landmark conservation rule.
washingtonpost.com
With all this talk of a property insurance crisis, remember that it's regular people who are in crisis, not the companies. Insurers are sitting on an historic $1+ TRILLION surplus. The companies are just fine. They're laughing all the way to BlackRock. content.naic.org/sites/defaul...
content.naic.org
I often hear wind and solar lead to more power outages. But it’s not true. Here's the data for Germany: Wind + solar had a share of 33% of electricity in 2022. ➡️But there were 43% FEWER interruptions than in 2006 when wind + solar contributed only 5%.
it has always been a long reaction to the New Deal. from then to now, capital had seen the New Deal as the sin that must be purged so that the rest of us understand our place as grist for their mills
Jake Grumbach@jakemgrumbach.bsky.social · 2y ago“We are living under FDR’s personal monarchy.” -Marc Andreessen, quoting Curtis Yarvin, yesterday
