DeSantis: FL Last-Resort Insurer "Is Not Solvent"; Not Cooperating W. Senate Investigation Led By Whitehouse (D-RI)

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5. This Was Always The End Game

When the Global Warming/Climate Change debate raged in the public decades ago it pitted the Fossil Fuel interests against the Insurance and Banking interests. Both sides had the most to win or lose in any future policy decisions that would have been made to address this problem.

Well, we know who came out the "winner" in this arena, the Fossil Fuel interests. Now it's time to pay the piper. You can't have "cheaper" available fossil fuel usage without impacting your insurance rates. And by default, if you're taking out a loan, the bank that loaned you money has a vested interest in making sure it will get paid back if there is a loss before they are fully paid. Somewhat simple capitalism at work folks.

Now, I will agree there are other mitigating factors involved. Our desire to build permanent structures on castles of sand so to speak. And our misplaced desire to have bigger houses and larger vehicles (when the average occupancy is going down). But the major driver is the same.

Rising insurance rates are the "natural" capitalistic response to this situation. If allowed to run their course then rising insurance rates should move us away from areas prone to climate impacts and force folks to cut their consumption. But I doubt this natural braking system will be allowed to run its course. Another example of unintended "socialism" or government interference at work.