Extreme Weather Is Sending Home Insurance Rates Through the Roof; Big Oil Should Pay

Extreme Weather Is Sending Home Insurance Rates Through the Roof; Big Oil Should Pay

As the climate emergency increases the cost of home insurance, state lawmakers are proposing legislation to ensure Big Oil helps foot the bill.

Big Oil Could Pay for Climate-Fueled Insurance Hikes

There are several ways to try to make polluters pay. California is considering a new one — empower the state Attorney General to sue oil and gas companies to recover costs on behalf of Californians specifically related to the housing insurance market. Survivors, taxpayers and policyholders — whose rates are skyrocketing as a result of climate-fueled disasters like last year’s Eaton and Palisades fires — are already paying. Fossil fuel companies …