Monday, May 19, 2014

Climate Change Lawsuits Filed Against Some 200 US Communities

The Christian Science Monitor reports Climate change lawsuits filed against some 200 US communities "A major insurance company is accusing dozens of localities in Illinois of failing to prepare for severe rains and flooding in lawsuits that are the first in what could be a wave of litigation over who should be liable for the possible costs of climate change."

David Atkins puts this in perspective, The biggest coming economic showdown you haven’t heard of. "You see, in the same way that net neutrality advocates benefit from having the support of companies like Google and Netflix, climate change advocates have been waiting for their own unlikely corporate allies in the insurance industry. The reason is obvious in retrospect: rising sea levels and more frequent natural disasters will either make many areas uninsurable, or insurance companies will go bankrupt trying to insure them (and the same goes for insurance backed by the federal government.) Insurance companies have an existential need to get ahead of the curve on the climate question. It has just been a matter of when the battle would be joined."

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