The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

Big Insurers Know Climate Change Is for Real

Sep 30, 2019

Let right-wing commentators pretend we don’t have to pay attention to the threat of climate change and the science behind it. Big bosses sure take climate change seriously themselves—when their own profits are at stake.

So big insurers—companies that insure insurance companies, for example—have been hiring scientists and commissioning detailed studies to better assess the consequences of natural disasters, such as storms, floods and wildfires, in residential areas.

Of course, these big money sharks are not spending big bucks on research to help people to be better protected from such natural disasters. No, to the contrary—they are paying scientists to figure out how much to increase insurance premiums on home and business owners!

Nothing else could be expected from big bosses, who are always completely preoccupied with their own short-term profit.