Carly Fabian
@carlyfabian.bsky.social
Climate & insurance policy @Public_Citizen. Move fast and fix things
Reposted by Carly Fabian
New research from @cplusc.bsky.social & @consumerfed.bsky.social shows that average across the US it is MORE EXPENSIVE to have a poor credit score than to live in a zip code with a high disaster risk:
climatecommunityinstitute.substack.com/p/insurers-c...
climatecommunityinstitute.substack.com/p/insurers-c...
Insurers Charge Low Credit Homeowners Twice As Much for the Same Policy
In many cases, a low credit score is more expensive than high disaster risk
climatecommunityinstitute.substack.com
August 18, 2025 at 11:59 PM
New research from @cplusc.bsky.social & @consumerfed.bsky.social shows that average across the US it is MORE EXPENSIVE to have a poor credit score than to live in a zip code with a high disaster risk:
climatecommunityinstitute.substack.com/p/insurers-c...
climatecommunityinstitute.substack.com/p/insurers-c...
Glad to share a new Public Citizen piece on Minnesota's insurance crisis. Authored by one of our climate & insurance interns, it proposes reforms for a new state task force and features maps from @kennystancil.bsky.social
Article: www.citizen.org/article/clim...
datawrapper.dwcdn.net/LkvOl/3/
Article: www.citizen.org/article/clim...
datawrapper.dwcdn.net/LkvOl/3/
Change in Average Home Insurance Premiums - Minnesota ZIP Codes, 2018-2022
This map shows how average premiums changed across Minnesota between 2018 and 2022. Hover over a ZIP code for details.
Click the buttons below to see maps depicting average premiums in 2018 and 2022....
datawrapper.dwcdn.net
September 8, 2025 at 8:43 PM
Glad to share a new Public Citizen piece on Minnesota's insurance crisis. Authored by one of our climate & insurance interns, it proposes reforms for a new state task force and features maps from @kennystancil.bsky.social
Article: www.citizen.org/article/clim...
datawrapper.dwcdn.net/LkvOl/3/
Article: www.citizen.org/article/clim...
datawrapper.dwcdn.net/LkvOl/3/
Interested in investigative research and the impact of climate change on insurance? Come work with me at Public Citizen! We're hiring a Research Director position, a position ideal for former reporters publiccitizen.applytojob.com/apply/R9dmHL...
Research Director - Climate - Public Citizen - Career Page
Research director
publiccitizen.applytojob.com
September 8, 2025 at 7:40 PM
Interested in investigative research and the impact of climate change on insurance? Come work with me at Public Citizen! We're hiring a Research Director position, a position ideal for former reporters publiccitizen.applytojob.com/apply/R9dmHL...
"The climate crisis is spiraling out of control and taking our home insurance with it....Where are the regulators?"
We disrupted the National Association of Insurance Commissioners national gathering this morning. Our homes and health are too important to let the insurance industry buy off our regulators.
www.citizen.org/news/why-we-...
www.citizen.org/news/why-we-...
Why We Disrupted the Insurance Commissioners' National Gathering - Public Citizen
We’re at the National Association of Insurance Commissioners’ quarterly conference to demand state insurance commissioners listen to their constituents and…
www.citizen.org
August 11, 2025 at 3:57 PM
"The climate crisis is spiraling out of control and taking our home insurance with it....Where are the regulators?"
Great clip of @kennystancil.bsky.social explaining how, despite the growing cost of climate change, insurers are making record profits
"When the insurance industry says it's losing money, it neglects to mention all the money it brings in every year through its investments and that is a huge portion of its profits."
Our @kennystancil.bsky.social spoke with KTVU about his new analysis of record home insurance profits (more below).
Our @kennystancil.bsky.social spoke with KTVU about his new analysis of record home insurance profits (more below).
Record profits for property insurers
A new study is out from the National Association of Insurance Commissioners. It was incorporated into another study about your home and car insurance rates. As it turns out, some insurance companies a...
www.ktvu.com
July 15, 2025 at 6:55 PM
Great clip of @kennystancil.bsky.social explaining how, despite the growing cost of climate change, insurers are making record profits
Proud to share a new piece with @kennystancil.bsky.social on the need for federal data on climate costs. We compare the public officials urging DOGE to cut it with the insurance crises unfolding in their states www.citizen.org/article/atta...
June 23, 2025 at 4:13 PM
Proud to share a new piece with @kennystancil.bsky.social on the need for federal data on climate costs. We compare the public officials urging DOGE to cut it with the insurance crises unfolding in their states www.citizen.org/article/atta...
Looking forward to this @ThirdActOrg talk with NY Lt. Gov. Delgado and Bill McKibben on energy affordability
thirdact.org/nyc/events/lt-gov-delgado-bill-mckibben-in-conversation-30-minutes/
thirdact.org/nyc/events/lt-gov-delgado-bill-mckibben-in-conversation-30-minutes/
Lt. Gov. Delgado & Bill McKibben in conversation (30 minutes)
We New Yorkers have had enough of being told what CAN’T be done to rapidly advance our transition to renewable energy generation. We New Yorkers are annoyed by misinformation and...
thirdact.org
May 5, 2025 at 8:59 PM
Looking forward to this @ThirdActOrg talk with NY Lt. Gov. Delgado and Bill McKibben on energy affordability
thirdact.org/nyc/events/lt-gov-delgado-bill-mckibben-in-conversation-30-minutes/
thirdact.org/nyc/events/lt-gov-delgado-bill-mckibben-in-conversation-30-minutes/
Looking to see how the home insurance crisis is affecting your area?
Check out these new interactive maps we released, with incredible work from @kennystancil.bsky.social
Check out these new interactive maps we released, with incredible work from @kennystancil.bsky.social
NEW: "Mapping the Home Insurance Crisis" contains a series of interactive maps and tables to help people make sense of the climate change-fueled home insurance crisis.
A collaboration with @publiccitizen.bsky.social.
🧵 ⬇️
A collaboration with @publiccitizen.bsky.social.
🧵 ⬇️
Mapping the Home Insurance Crisis | Revolving Door Project
A series of interactive maps and tables to help people make sense of the climate change-fueled home insurance crisis.
therevolvingdoorproject.org
April 24, 2025 at 2:04 PM
Looking to see how the home insurance crisis is affecting your area?
Check out these new interactive maps we released, with incredible work from @kennystancil.bsky.social
Check out these new interactive maps we released, with incredible work from @kennystancil.bsky.social
With wildfires raging and insurance markets melting across the country, state regulators should be focused on doing their jobs, not trying to prevent the federal government from conducting surveys and generating solutions.
www.theinsurer.com/ti/news/naic...
www.theinsurer.com/ti/news/naic...
NAIC calls for scrapping of FIO among 2025 federal priorities
The National Association of Insurance Commissioners has outlined its 2025 federal legislative and regulatory priorities, including a push to eliminate the Federal Insurance Office.
www.theinsurer.com
March 27, 2025 at 9:49 PM
With wildfires raging and insurance markets melting across the country, state regulators should be focused on doing their jobs, not trying to prevent the federal government from conducting surveys and generating solutions.
www.theinsurer.com/ti/news/naic...
www.theinsurer.com/ti/news/naic...
Seems like it should be harder to claim you're a "force for stability" when you're dropping homes all over the country... www.lohud.com/story/opinio...
New York’s insurance carriers provide stability in an unstable world | Opinion
In a world marked by uncertainty, New York's insurance industry remains a steadfast force for stability.
www.lohud.com
March 25, 2025 at 8:35 PM
Seems like it should be harder to claim you're a "force for stability" when you're dropping homes all over the country... www.lohud.com/story/opinio...
Reposted by Carly Fabian
Brace yourself for the corporate crime spree
A Public Citizen report obtained exclusively by NPR shows the new administration has halted or tried to dismiss cases or investigations against at least 89 companies in the last month.
Trump agencies drop dozens of Biden-era cases against crypto, other companies
A Public Citizen report obtained exclusively by NPR shows the new administration has halted or tried to dismiss cases or investigations against at least 89 companies in the last month.
www.npr.org
March 4, 2025 at 6:59 PM
Brace yourself for the corporate crime spree
Great blog. Crazy that insurance companies still get to do this
💰Insurers invest billions in the fossil fuels that drive climate disasters like wildfires
🏘️ Insurers abandon states like California to protect profits from wildfire risk
📢 Who should shoulder the costs of climate disasters?
👉 Read our new analysis: bit.ly/4kpTKil
🏘️ Insurers abandon states like California to protect profits from wildfire risk
📢 Who should shoulder the costs of climate disasters?
👉 Read our new analysis: bit.ly/4kpTKil
Cut and Run: How Insurers Dodge the Climate Costs They Help Create and Why Fossil Fuel Should Pay - Center for International Environmental Law
Published March 3, 2025 By Lindsay Fenlock, Senior Researcher at the Center for International Environmental Law, and Charles Slidders, Senior Attorney, Financial Strategies at the Center for Internati...
bit.ly
March 4, 2025 at 7:24 PM
Great blog. Crazy that insurance companies still get to do this
devastating for our ability to respond to the home insurance crisis www.theverge.com/news/622990/...
The US faces ‘devastating’ losses for weather forecasts, federal workers say
“If these cuts continue, you will feel them personally.”
www.theverge.com
March 3, 2025 at 9:58 PM
devastating for our ability to respond to the home insurance crisis www.theverge.com/news/622990/...
Attacking the CFPB will make insurance consumers more vulnerable
As homeowners lose coverage, banks could “force-place” expensive backup insurance, with little incentive to keep the price reasonable.
Without oversight from the CFPB, this could be ripe for abuse.
thehill.com/business/513...
As homeowners lose coverage, banks could “force-place” expensive backup insurance, with little incentive to keep the price reasonable.
Without oversight from the CFPB, this could be ripe for abuse.
thehill.com/business/513...
thehill.com
February 12, 2025 at 9:02 PM
Attacking the CFPB will make insurance consumers more vulnerable
As homeowners lose coverage, banks could “force-place” expensive backup insurance, with little incentive to keep the price reasonable.
Without oversight from the CFPB, this could be ripe for abuse.
thehill.com/business/513...
As homeowners lose coverage, banks could “force-place” expensive backup insurance, with little incentive to keep the price reasonable.
Without oversight from the CFPB, this could be ripe for abuse.
thehill.com/business/513...
Climate risk is financial risk
"Powell predicts a time when mortgages will be impossible to get in parts of US"
finance.yahoo.com/news/powell-...
finance.yahoo.com/news/powell-...
February 12, 2025 at 12:06 AM
Climate risk is financial risk
After two weeks under Trump, the one entity federal entity responsible for monitoring insurance markets appears set to bury its head in the sand on climate change.
That’s a recipe for financial disaster.
That’s a recipe for financial disaster.
US Treasury Department withdraws from global regulatory climate change group
The U.S. Treasury Department said on Thursday it was withdrawing from a global body of central banks and regulators devoted to exploring ways to police climate risk in the financial system.
www.reuters.com
February 4, 2025 at 12:31 AM
After two weeks under Trump, the one entity federal entity responsible for monitoring insurance markets appears set to bury its head in the sand on climate change.
That’s a recipe for financial disaster.
That’s a recipe for financial disaster.
Reposted by Carly Fabian
Buried, amid the more immediate casualties and clearly visible damage of modern wildfire disasters, are the far more numerous victims of the secondary harms and "chronic emergencies" that subsequently unfold for months and years thereafter.
Indirect death toll from the L.A. fires may end up in the thousands yaleclimateconnections.org/2025/01/indi...
Indirect death toll from the L.A. fires may end up in the thousands » Yale Climate Connections
The toxic smoke from the fires, combined with disruption to the economy, health care system, and mental health may lead to thousands of deaths over the coming years.
yaleclimateconnections.org
January 17, 2025 at 11:44 PM
Buried, amid the more immediate casualties and clearly visible damage of modern wildfire disasters, are the far more numerous victims of the secondary harms and "chronic emergencies" that subsequently unfold for months and years thereafter.
There's no doubt that insurance premiums will go up as climate costs grow.
While insurers will surely find ways to profit, there's a real question about whether vulnerable people can pay higher costs indefinitely.
And what happens to the economy if they can't?
While insurers will surely find ways to profit, there's a real question about whether vulnerable people can pay higher costs indefinitely.
And what happens to the economy if they can't?
Climate-fueled insurance cost hikes putting American dream 'out of reach'
As communities across the Los Angeles area continued to grapple with catastrophic wildfires, the U.S. Treasury Department on Thursday released the most far-reaching report ever on the climate emergenc...
www.alternet.org
January 17, 2025 at 9:34 PM
There's no doubt that insurance premiums will go up as climate costs grow.
While insurers will surely find ways to profit, there's a real question about whether vulnerable people can pay higher costs indefinitely.
And what happens to the economy if they can't?
While insurers will surely find ways to profit, there's a real question about whether vulnerable people can pay higher costs indefinitely.
And what happens to the economy if they can't?
Fascinating new data showing a bipartisan majority prefer a public approach to home insurance
Voters Face Rising Home Insurance Costs and Prefer Resources for Public Over Private Insurance
Fifty-five percent of voters say that their home or rental insurance premiums have gone up in the last five years.
www.dataforprogress.org
January 14, 2025 at 11:45 PM
Fascinating new data showing a bipartisan majority prefer a public approach to home insurance
Incredible coverage on a disturbing trend:
January 14, 2025 at 11:33 PM
Incredible coverage on a disturbing trend:
Reposted by Carly Fabian
Thanks to climate change, we're barreling towards an insurance crisis, as I wrote for @climateconnections.bsky.social today. It's not just California and Florida – nobody's insurance rates are safe 🧵(1/13)
Nobody’s insurance rates are safe from climate change » Yale Climate Connections
Even if you haven’t suffered direct damage, you’re paying for increasingly extreme weather.
yaleclimateconnections.org
January 14, 2025 at 4:51 PM
Thanks to climate change, we're barreling towards an insurance crisis, as I wrote for @climateconnections.bsky.social today. It's not just California and Florida – nobody's insurance rates are safe 🧵(1/13)
The insurance crisis is an "everything" problem. We need a whole spectrum of solutions. This is why we're organizing with groups across the country to discuss solutions that put the public first shelterforce.org/2024/10/25/h...
How Can We Reform Property Insurance to Adapt to Climate Change?
Climate change is fueling more frequent and extreme disasters. Insurers are responding by dropping communities and raising premiums.
shelterforce.org
January 10, 2025 at 3:42 PM
The insurance crisis is an "everything" problem. We need a whole spectrum of solutions. This is why we're organizing with groups across the country to discuss solutions that put the public first shelterforce.org/2024/10/25/h...
Insurance companies have been really good at presenting themselves alternatively as hapless financial victims and omniscient entities whose models cannot be questioned. Both narratives deserve scrutiny. newrepublic.com/article/1900...
L.A. Is Burning. Will Insurance Companies Take Advantage?
Popular narrative suggests insurance companies have to raise rates due to fire risk. In reality, the companies are doing pretty well.
newrepublic.com
January 10, 2025 at 3:20 PM
Insurance companies have been really good at presenting themselves alternatively as hapless financial victims and omniscient entities whose models cannot be questioned. Both narratives deserve scrutiny. newrepublic.com/article/1900...
Reposted by Carly Fabian
but... no! insurers do not "have the resources to look further ahead and more deeply" than, for example, the State of California could and should.
Insurance is priced annually! We should not rely on State Farm to tell us what LA in 20 years looks like thats not their job.
Fund public models now!
Insurance is priced annually! We should not rely on State Farm to tell us what LA in 20 years looks like thats not their job.
Fund public models now!
I think it makes sense to think of insurers as an indicator species. It shouldn't shock anyone they aren't in it for altruistic reasons. It is a business, dependent on risk estimation, and they have the resources to look further ahead and more deeply than any local or regional government ever could.
easy to read "insurers stopped covering homes in California right before these fires" as something sinister, but from covering this industry, I gotta say I think it's the opposite: no one is more aware of increased risk due to climate change than insurers
www.businessinsider.com/california-f...
www.businessinsider.com/california-f...
January 9, 2025 at 11:49 PM
but... no! insurers do not "have the resources to look further ahead and more deeply" than, for example, the State of California could and should.
Insurance is priced annually! We should not rely on State Farm to tell us what LA in 20 years looks like thats not their job.
Fund public models now!
Insurance is priced annually! We should not rely on State Farm to tell us what LA in 20 years looks like thats not their job.
Fund public models now!
The origin of the FAIR plans is a story of letting companies (1) fuel a problem (2) turn it into a political crisis at a convenient time and (3) dictate a profitable solution with no safeguards. Repeating that pattern is probably not the answer www.theguardian.com/us-news/2024...
California will require insurers to offer home coverage in wildfire-prone areas
Opponents say rule could hike premiums by 40% and does not require new policies to be written at fast enough pace
www.theguardian.com
January 1, 2025 at 7:05 PM
The origin of the FAIR plans is a story of letting companies (1) fuel a problem (2) turn it into a political crisis at a convenient time and (3) dictate a profitable solution with no safeguards. Repeating that pattern is probably not the answer www.theguardian.com/us-news/2024...