Add your name: Expose how insurance companies are profiting off the climate crisis

Add your name: Expose how insurance companies are profiting off the climate crisis

Throughout the US, fires, floods, and extreme weather driving by climate change are destroying people’s homes. Rather than rising to the occasion, insurance companies are withdrawing coverage and doubling, tripling, and quadrupling rates while raking in huge profits.

The Federal Insurance Office has data that would expose how insurance companies are raising rates, limiting coverage, and denying claims due to climate change.

We need this information out from behind closed doors. People need data to make informed decisions. We need it to hold insurance companies accountable, and — most importantly — to propose solutions to our climate-driven property insurance crisis.

Add your name to demand the Federal Insurance Office (FIO) make data on insurance premiums and claims publicly available.

If you or your neighbors, friends, or family have a story to tell about frustrations dealing with home insurance, you can go here to share your story with Public Citizen.


To the Federal Insurance Office

The Federal Insurance Office must make data on insurance premiums and claims publicly available. People need to make informed decisions about their homes. We need the data to hold insurance companies accountable and — most importantly — to propose solutions to our climate-driven property insurance crisis.

Dear Director Seitz,

We, the undersigned individuals from across the U.S., urge you to swiftly publish data and analysis from the property and casualty market intelligence data call on the impact of climate change on insurance affordability.

People’s homes are being threatened or destroyed by more frequent and severe climate disasters, while their finances are driven to the breaking point by insurance premium increases. The public deserves data to make informed decisions about their homes. The insurance crisis is quickly spreading throughout the country, even to homes that are nowhere near a coast. Low income communities and communities of color are disproportionately exposed to wildfires and floods, putting them at high risk from insurance hikes and withdrawals.

While the Federal Insurance Office (FIO) and the National Association of Insurance Commissioners have taken an important step by collecting data, we need public data and analysis to understand the scale of the crisis and to mitigate risks to our homes and the economy.

The insurance industry is incredibly opaque. We deserve a look behind the curtain into an industry entrusted to safeguard our security, which has too often chosen to put profits over people.

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