How extreme weather will affect the insurance and energy sectors - By Matthew Wright, Matthew Priestly, originally published by The Conversation May 29, 2024
"...Insurance companies evaluating risks must account for a combination of the most extreme weather systems, and those affecting built-up, developed areas. The most risk-prone areas are quantified by examining historical events and assessing other possible scenarios that are generated by models. Risk experts also consider what impact historical events would have today. Increases in risk may be due to increases in population, density of the built environment, or GDP. For example, Hurricane Katrina’s impact would be $40 billion higher if it occurred today..."
@paris mainly they seem to encourage proactive prevention which requires your time, attention and effort rather than their money. It's the story of shifting costs to the consumer / patient.
If you are a homeowner and are insured by State Farm, Ohio Mutual, Pure Insurance, Westfield, and maybe Nationwide, you can get a FREE device to monitor your electrical system for arcing (one of the causes of house fires). h/t @w8emv
@andytiedye@ai6yr@w8emv My State Farm agent had barely heard of #Ting and was amazed to hear I have one. The app is fun, you can see long term Voltage graphs and "real time" emission levels. And every Monday you get an eMail summary with V graphs for each day of the previous week.
Another strategy is to install combination AFCI/GFCI circuit breakers which will detect and trip on either ground faults and arc faults. They’re required for all new residential buildings in code anyway. The only downside is the modest expense, but still cheaper than any kind of fire remediation.
LOL -- not laughing at Texans predicament -- and our own -- but the thoughts here that the insurance costs in Texas are linked to "inflation", and not to billion dollar disasters piling up end-to-end in the state. I wonder if they wrote this article before Houston last week. 🤔 #Texas#Insurance#disasters#climate
"No matter the season or location, ice, fire, wind and water are proving to be near-constant threats to life, land and Texans’ homes" -- and in THIS economy?!
(how can they fail to mention climate change - even once... to be this willfully dense is really stunning. even tho i should know better at this point)
The “enhanced care model,” replaced #litigation based model & provides set amounts of #compensation by #injury type to victims, regardless of fault & without a referral. It eliminates most victims’ #RightToSue.
@CStamp I hope he's successful with lawsuit. No fault insurance harms a lot of people who are disabled & facing increased costs of living - when they are the victims.
"In letters sent Thursday to the five largest health insurers and four largest pharmacy benefit managers first shared with The Hill, Rep. Jamie Raskin (D-Md.) asked for information on how the companies plan to respond to federal guidance designed to improve no-cost access to birth control."
AAA was who I just went through a 2 month wrassle trying to get my used van insured. They dismissed me out of hand, with the people making the decision never letting me know who they were although they got access to LOTS of data about me. No accountability.
Remember you can fight things & if we don't fight things, they tend to get worse. Remember you can not just complain to AAA, but if you're in CA you can complain to the Insurance Commissioner
"Even if you have health insurance, you might expect to be charged a copayment for some routine care, like office-based exams and consultations. But you probably don’t expect to receive a bill a few weeks later charging you an extra $100 or more...In most states, a 'hospital facility fee' can legally appear on your bill if your doctor is affiliated with a large hospital system — even if you never set foot on the hospital’s campus."
In Doctors for America, we've launched a campaign against greed in healthcare. Sign on here and share with your friends: https://doctorsforamerica.org/action/.
Sure, we have EMTALA, but that only guarantees access to emergency care. It doesn't guarantee affordable care for all.
I am a primary care physician in Texas who cares for patients with mental health conditions and intellectual disability disorders. Currently, I have 3 patients who need diagnostic testing for abnormal cervical cancer screenings and 1 patient with an abnormal colon cancer screen. Their options are cost-prohibitive.
"Texas has so far removed 2.1 million Medicaid recipients from its rolls, which works out to 49% of the cases it has reviewed, more than twice the national average and a higher proportion than all but six other states, according to analysis by the nonprofit KFF."