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carlyfabian.bsky.social
Carly Fabian
@carlyfabian.bsky.social
370 followers 98 following 32 posts
Climate & insurance policy @Public_Citizen. Move fast and fix things
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Reposted by Carly Fabian
moira.bsky.social
Moira Birss @moira.bsky.social · Aug 18
New research from @cplusc.bsky.social & @consumerfed.bsky.social shows that average across the US it is MORE EXPENSIVE to have a poor credit score than to live in a zip code with a high disaster risk:
climatecommunityinstitute.substack.com/p/insurers-c...
Insurers Charge Low Credit Homeowners Twice As Much for the Same Policy
In many cases, a low credit score is more expensive than high disaster risk
climatecommunityinstitute.substack.com
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carlyfabian.bsky.social
Carly Fabian @carlyfabian.bsky.social · Sep 8
Glad to share a new Public Citizen piece on Minnesota's insurance crisis. Authored by one of our climate & insurance interns, it proposes reforms for a new state task force and features maps from @kennystancil.bsky.social

Article: www.citizen.org/article/clim...

datawrapper.dwcdn.net/LkvOl/3/
Change in Average Home Insurance Premiums - Minnesota ZIP Codes, 2018-2022
This map shows how average premiums changed across Minnesota between 2018 and 2022. Hover over a ZIP code for details. Click the buttons below to see maps depicting average premiums in 2018 and 2022....
datawrapper.dwcdn.net
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carlyfabian.bsky.social
Carly Fabian @carlyfabian.bsky.social · Sep 8
Interested in investigative research and the impact of climate change on insurance? Come work with me at Public Citizen! We're hiring a Research Director position, a position ideal for former reporters publiccitizen.applytojob.com/apply/R9dmHL...
Research Director - Climate - Public Citizen - Career Page
Research director
publiccitizen.applytojob.com
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carlyfabian.bsky.social
Carly Fabian @carlyfabian.bsky.social · Aug 11
"The climate crisis is spiraling out of control and taking our home insurance with it....Where are the regulators?"
therickmorris.bsky.social
therickmorris.bsky.social @therickmorris.bsky.social · Aug 11
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…
www.citizen.org
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carlyfabian.bsky.social
Carly Fabian @carlyfabian.bsky.social · Jul 15
Great clip of @kennystancil.bsky.social explaining how, despite the growing cost of climate change, insurers are making record profits
revolvingdoordc.bsky.social
Revolving Door Project @revolvingdoordc.bsky.social · Jul 15
"When the insurance industry says it's losing money, it neglects to mention all the money it brings in every year through its investments and that is a huge portion of its profits."

Our @kennystancil.bsky.social spoke with KTVU about his new analysis of record home insurance profits (more below).
Record profits for property insurers
A new study is out from the National Association of Insurance Commissioners. It was incorporated into another study about your home and car insurance rates. As it turns out, some insurance companies a...
www.ktvu.com
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carlyfabian.bsky.social
Carly Fabian @carlyfabian.bsky.social · Jun 23
We need more data, not less. We need stronger oversight, not weaker. The costs of climate change are mounting — and the longer we look away, the more expensive they’ll become.
carlyfabian.bsky.social
Carly Fabian @carlyfabian.bsky.social · Jun 23
There is ultimately no way to hide the reality of climate change from people experiencing disasters and paying through higher insurance premiums. But cutting the tools to monitor the crisis will delay emergency planning, resilience investments, and data-driven solutions.
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carlyfabian.bsky.social
Carly Fabian @carlyfabian.bsky.social · Jun 23
And losing this data won't just affect the coasts. Wisconsin's Congressman Scott Fitzgerald is sponsoring a bill that would prevent any further data collection. In maps we recently published with federal data, Wisconsin already stands out nationally for claims frequency.
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carlyfabian.bsky.social
Carly Fabian @carlyfabian.bsky.social · Jun 23
Unsurprisingly, these state officials hail from state struggling with climate costs. As the Louisiana's commissioner calls for federal insurance data collection to be abolished, Louisiana leads the nation in risk of insurance withdrawal
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carlyfabian.bsky.social
Carly Fabian @carlyfabian.bsky.social · Jun 23
Taking away public climate data will drive up insurance costs. Then cutting federal data collection on insurance will hide the fully tally of those costs.
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carlyfabian.bsky.social
Carly Fabian @carlyfabian.bsky.social · Jun 23
State insurance commissioners should be out in front fighting to preserve this data. Instead, a group of commissioners has aligned on a different priority: gutting the one federal office responsible for tracking the costs of climate change via insurance.
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carlyfabian.bsky.social
Carly Fabian @carlyfabian.bsky.social · Jun 23
Without public climate data that insurers rely on, insurers will only raise rates and retreat faster. This will drive up the costs for the public through insurance premiums. Less data = higher costs.
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carlyfabian.bsky.social
Carly Fabian @carlyfabian.bsky.social · Jun 23
Proud to share a new piece with @kennystancil.bsky.social on the need for federal data on climate costs. We compare the public officials urging DOGE to cut it with the insurance crises unfolding in their states www.citizen.org/article/atta...
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carlyfabian.bsky.social
Carly Fabian @carlyfabian.bsky.social · May 5
Looking forward to this @ThirdActOrg talk with NY Lt. Gov. Delgado and Bill McKibben on energy affordability
thirdact.org/nyc/events/lt-gov-delgado-bill-mckibben-in-conversation-30-minutes/
Lt. Gov. Delgado & Bill McKibben in conversation (30 minutes)
We New Yorkers have had enough of being told what CAN’T be done to rapidly advance our transition to renewable energy generation. We New Yorkers are annoyed by misinformation and...
thirdact.org
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carlyfabian.bsky.social
Carly Fabian @carlyfabian.bsky.social · Apr 24
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
revolvingdoordc.bsky.social
Revolving Door Project @revolvingdoordc.bsky.social · Apr 24
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.

🧵 ⬇️
Mapping the Home Insurance Crisis | Revolving Door Project
A series of interactive maps and tables to help people make sense of the climate change-fueled home insurance crisis.
therevolvingdoorproject.org
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carlyfabian.bsky.social
Carly Fabian @carlyfabian.bsky.social · Mar 27
With wildfires raging and insurance markets melting across the country, state regulators should be focused on doing their jobs, not trying to prevent the federal government from conducting surveys and generating solutions.

www.theinsurer.com/ti/news/naic...
NAIC calls for scrapping of FIO among 2025 federal priorities
The National Association of Insurance Commissioners has outlined its 2025 federal legislative and regulatory priorities, including a push to eliminate the Federal Insurance Office.
www.theinsurer.com
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carlyfabian.bsky.social
Carly Fabian @carlyfabian.bsky.social · Mar 25
Seems like it should be harder to claim you're a "force for stability" when you're dropping homes all over the country... www.lohud.com/story/opinio...
New York’s insurance carriers provide stability in an unstable world | Opinion
In a world marked by uncertainty, New York's insurance industry remains a steadfast force for stability.
www.lohud.com
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Reposted by Carly Fabian
rickclaypool.bsky.social
Rick Claypool @rickclaypool.bsky.social · Mar 4
Brace yourself for the corporate crime spree
npr.org
NPR @npr.org · Mar 4
A Public Citizen report obtained exclusively by NPR shows the new administration has halted or tried to dismiss cases or investigations against at least 89 companies in the last month.
Trump agencies drop dozens of Biden-era cases against crypto, other companies
A Public Citizen report obtained exclusively by NPR shows the new administration has halted or tried to dismiss cases or investigations against at least 89 companies in the last month.
www.npr.org
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carlyfabian.bsky.social
Carly Fabian @carlyfabian.bsky.social · Mar 4
Great blog. Crazy that insurance companies still get to do this
ciel.org
Center for International Environmental Law @ciel.org · Mar 4
💰Insurers invest billions in the fossil fuels that drive climate disasters like wildfires

🏘️ Insurers abandon states like California to protect profits from wildfire risk

📢 Who should shoulder the costs of climate disasters?

👉 Read our new analysis: bit.ly/4kpTKil
Cut and Run: How Insurers Dodge the Climate Costs They Help Create and Why Fossil Fuel Should Pay - Center for International Environmental Law
Published March 3, 2025 By Lindsay Fenlock, Senior Researcher at the Center for International Environmental Law, and Charles Slidders, Senior Attorney, Financial Strategies at the Center for Internati...
bit.ly
carlyfabian.bsky.social
Carly Fabian @carlyfabian.bsky.social · Mar 3
devastating for our ability to respond to the home insurance crisis www.theverge.com/news/622990/...
The US faces ‘devastating’ losses for weather forecasts, federal workers say
“If these cuts continue, you will feel them personally.”
www.theverge.com
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carlyfabian.bsky.social
Carly Fabian @carlyfabian.bsky.social · Feb 12
Attacking the CFPB will make insurance consumers more vulnerable

As homeowners lose coverage, banks could “force-place” expensive backup insurance, with little incentive to keep the price reasonable.

Without oversight from the CFPB, this could be ripe for abuse.

thehill.com/business/513...
thehill.com
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carlyfabian.bsky.social
Carly Fabian @carlyfabian.bsky.social · Feb 12
Climate risk is financial risk
alexmartin196.bsky.social
Alex Martin @alexmartin196.bsky.social · Feb 11
"Powell predicts a time when mortgages will be impossible to get in parts of US"

finance.yahoo.com/news/powell-...
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carlyfabian.bsky.social
Carly Fabian @carlyfabian.bsky.social · Feb 4
After two weeks under Trump, the one entity federal entity responsible for monitoring insurance markets appears set to bury its head in the sand on climate change.

That’s a recipe for financial disaster.
US Treasury Department withdraws from global regulatory climate change group
The U.S. Treasury Department said on Thursday it was withdrawing from a global body of central banks and regulators devoted to exploring ways to police climate risk in the financial system.
www.reuters.com
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Reposted by Carly Fabian
weatherwest.bsky.social
Daniel Swain @weatherwest.bsky.social · Jan 17
Buried, amid the more immediate casualties and clearly visible damage of modern wildfire disasters, are the far more numerous victims of the secondary harms and "chronic emergencies" that subsequently unfold for months and years thereafter.
firebobbc.bsky.social
Robert W. Gray @firebobbc.bsky.social · Jan 17
Indirect death toll from the L.A. fires may end up in the thousands yaleclimateconnections.org/2025/01/indi...
Indirect death toll from the L.A. fires may end up in the thousands » Yale Climate Connections
The toxic smoke from the fires, combined with disruption to the economy, health care system, and mental health may lead to thousands of deaths over the coming years.
yaleclimateconnections.org
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carlyfabian.bsky.social
Carly Fabian @carlyfabian.bsky.social · Jan 17
There's no doubt that insurance premiums will go up as climate costs grow.

While insurers will surely find ways to profit, there's a real question about whether vulnerable people can pay higher costs indefinitely.

And what happens to the economy if they can't?
Climate-fueled insurance cost hikes putting American dream 'out of reach'
As communities across the Los Angeles area continued to grapple with catastrophic wildfires, the U.S. Treasury Department on Thursday released the most far-reaching report ever on the climate emergenc...
www.alternet.org
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