If you want to know if an issue has real potential consequences, in this instance climate change, see what insurance companies are doing about it. Live in a state where wildfires or hurricanes are an issue? As droughts increase and ocean temperatures increase, your homeowners insurance is going up significantly faster than ever before. Insurance companies exist to make money and they spend huge sums in actuarial predictions to keep making that money.

[–] [email protected] 2 points 8 months ago

This is the best summary I could come up with:

Climate change is increasing the risk of wildfires in Texas, a danger made real this week as the Smokehouse Creek fire, the largest in state history, burns out of control across the Panhandle region.

As of Thursday, a New York Times tracker based on federal data shows more than one million acres burning, making the fire one of the most destructive in U.S. history.

Climate change is likely making fire season start earlier and last longer, he said, by increasing the number of days in a year with hot and dry weather conditions that enable wildfires.

Texas is currently the state with the second highest number of properties that are vulnerable to wildfires, behind Florida, according to analysis by the nonprofit research group First Street Foundation.

About 88 percent of 1,000 likely voters polled expressed some level of concern about extreme weather events increasing what they pay for property insurance.

Allstate, the second-largest insurer in Texas, included wildfires as one of its “greatest areas of potential catastrophe losses” in a regulatory filing this month.

The original article contains 748 words, the summary contains 174 words. Saved 77%. I'm a bot and I'm open source!