Tuesday, May 08, 2012

Voting With Their Feet

The climate change deniers are increasingly getting denied:
The recent flight of insurance companies from leading climate change denial group The Heartland Institute isn’t just due to the group’s offensive Chicago billboard comparing scientists to serial killer Charles Manson.

...“The insurance industry has in some ways been the quickest to acknowledge and talk about the impacts of global warming, because it directly affects their business,” Daniel Souweine, campaign director for Forecast the Facts, told Raw Story. “They’re the ones who are going to pay for increased damage from extreme weather, flooding, sea level rise, etc. It’s already hitting their bottom line, and potentially hitting their bottom line even harder in the future.”

With a Facebook post on Monday, State Farm became the latest insurance company to withdrawal its funding from Heartland Institute, blaming their move on the group’s decision to launch their billboard. But far from just one more company deciding to withhold its support, State Farm’s decision personifies the increasing acceptance of global climate change and a concerted insurance industry push to adapt their business practices.

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