Xinction Rebelión -v- Insurance

DullGreyGuy

Well XR are targeting the City of London and Lloyds of London in particular next week about insurance enabling polluting companies to continue by providing insurance to them... so if I'm not around its because I've been burnt at the stake (or would that be too much CO2?) or maybe just flogged (with a non-animal/non-petrochemical whip) and thrown in the stocks. 

[Deleted User]

Removing insurance options is certainly an effective and practical way to do what governments are failing to.

Good luck to them.

DullGreyGuy

Lloyds will already not directly insurer various industries like coal mining; others are on a watch list with syndicates having to report volumes and explain any increases against their ESG policy. 

Sea_Shell

[Deleted User] said:

Removing insurance options is certainly an effective and practical way to do what governments are failing to.

Good luck to them.

It's a thin end of a wedge though isn't it.

What industries are next on the list to be "de-insured", and on their watchlist?

Airlines?
Shipping?

DullGreyGuy

And you have certain states in the US, unsurprisingly those with big fossil fuel industries, making it illegal for insurers to be licensed in the state if they take environmental factors into what business they write or pricing.  Most syndicates write on a non-admitted basis for surplus lines so aren't yet caught but noises are of states expanding their rules. 

TELLIT01

If anything they should go after financial institutions and insurers for enabling housing to be built on floodplains.  If banks wouldn't lend money to such properties and insurers wouldn't provide insurance, it would stop tomorrow.

DullGreyGuy

TELLIT01 said:

If anything they should go after financial institutions and insurers for enabling housing to be built on floodplains.  If banks wouldn't lend money to such properties and insurers wouldn't provide insurance, it would stop tomorrow.

Not many Home insurers in the City

Smithcom

[Deleted User] said:

Removing insurance options is certainly an effective and practical way to do what governments are failing to.

Good luck to them.

Completely agree.  

It will be brilliant when petrochemical companies, airlines, cruise liners, car manufacturers, certain battery manufacturers, alcohol manufacturers (and retailers/wholesalers), tobacco  manufacturers (and retailers/wholesalers), casinos, firework manufacturers, gas producers, fast food manufacturers and shops, munitions suppliers and manufacturers etc etc etc. are closed down.

Then we can all hold hands and skip through the fields together.

[Deleted User]

Sea_Shell said:

[Deleted User] said:

Removing insurance options is certainly an effective and practical way to do what governments are failing to.

Good luck to them.

It's a thin end of a wedge though isn't it.

What industries are next on the list to be "de-insured", and on their watchlist?

Airlines?
Shipping?

Slippery slope fallacy.