MAGA are gonna make a conspiracy that climate change is invented by insurance corpos to gain money.
(Watch them have the right instict that the common person is getting swimdled and then somehow end up blaming exactly the wrong things)
Belief implies blind acceptance. The insurance actuaries are very analytical people who have read and understood the science. There a difference between understanding and believing.
I think lots of those people believe in climate change but not in ‘man made climate change’. It’s about denying that we are responsible for it and that we can do something to mitigate further damage.
Disclaimer: I know climate change is a thing, and it’s bad (understatement).
As a counter argument, won’t an insurance company always look for risks that they can raise the rates against? Even if the insurance company is the most conservative business, if there is only a slight chance that climate change exists, it would be a win-win for the insurance company to raise the rates. Either it’s a real thing (which it is) and the higher rates now cover the risk. Or it’s not a thing, and the rates are higher now anyways.
I guess taking that logic, a insurance company that doesn’t trust the science could offer lower rates and take the increase in customers and reap the rewards. But strangely no one is??
That’s also true, fair point
From what I understand, the insurance business model is to transform individual unpredictable events into very predictable statistics.
A house burning down ? As an individual it is devastating, it’s a lifetime of savings that burn away. For the insurance company, it’s part of the statistics.
The problem of climate change is that it brings unpredictability at the insurer scale.
I don’t know
If the air had more CO2 then they would increase their insurance, which makes more money.
So yes they believe in the potential for climate change to increase profits.
Whats got their believes got to do with anything? They are as worthless as a chocolate fireguard.
Not every department within insurance companies understand the risks:
Insurance Majors Invest In Fossil Fuels While Cutting Coverage Due To Climate Risks
