‘No Empirical Evidence’: Senate Dems Falsely Blame Climate Change For Rising Insurance Rates
by Kevin Killough 6 hours ago
Democratic Party-led Senate Budget Committee hearing Wednesday pressed on with the narrative that climate change is one of the leading causes of unaffordable homeowners insurance rates and canceled coverage. [emphasis, links added]
Committee Chair Sen. Sheldon Whitehouse, D-R.I., took the narrative a step further to suggest that the climate-driven financial problems in the insurance industry are driving economic problems for the entire nation.
“This isn’t all that complicated. Climate risk makes things uninsurable. No insurance makes things unmortgageable. No mortgages crashes the property markets. Crashed property markets trash the economy,” Whitehouse said in his opening remarks.
However, one witness and a few senators pushed back against the unproven narrative.
https://climatechangedispatch.com/no-empirical-evidence-senate-dems-falsely-blame-climate-change-rising-insurance-rates/
