While major U.S. insurers drop coverage for people vulnerable to climate change, they’re also investing billions in the companies that fuel it.
by Arielle Samuelson and Emily Atkin, Heated
Here’s something everyone needs to understand about climate change: In addition to being an existential threat to life on Earth, it also costs a lot of money.
Already this year, the U.S. has seen more climate disasters costing over $1 billion than ever before. The National Oceanic and Atmospheric Administration announced on Monday that the U.S. has already seen a record-breaking 23 weather disasters costing more than $1 billion in 2023, with a total cost of $57.6 billion so far.

The cost of these disasters has always fallen on individuals. But right now, we pay using a system designed to spread out those costs among the population. We pay taxes to local, state and federal governments, for example, which are then charged with covering much of the recovery cost. Those of us who own property also also pay premiums to insurance companies, which are then charged with covering some of the cost of rebuilding.
After this year’s extreme weather, however, some U.S. insurance companies no longer want to fully participate in this system.
Recent Posts
Is the War In Iran About to Become Apocalyptic? (w/ Trita Parsi)
April 7, 2026
Take Action Now As Trump escalates threats, oil chokepoints tighten, and talk of “total surrender” creeps toward the unthinkable, Trita Parsi warns…
White House Budget Details FBI Office Dedicated to Spying on Those Who Oppose Trump’s ‘Extremist Agenda’
April 7, 2026
Take Action Now “If your political views are practically anything other than MAGA, you’re on notice, courtesy of the FBI,” said journalist Ken…
While Distancing From AIPAC, Most 2028 Democratic Hopefuls Are Still Embracing Israel
April 6, 2026
Take Action Now In sharp contrast to confronting the immorality of arming Israel’s genocidal policies, simply promising not to take AIPAC money is…
The Next Coup Attempt … And How to Stop It
April 5, 2026
Take Action Now It is up to us to put two and two together: Trump will seek to exploit the war (or the next one) to alter the elections. We bear…




