Yeah I'm getting real sick of that. They should be paying out - and holding big polluters responsible. Their entire industry is failing because of another industry. We should be seeing Geico suing Shell.
This 100%. So, how do we make it so that it's more profitable for the corporations to go after each other rather than just continuing to bleed we lowly commoners?
We know it's not God causing the climate disasters.
Wouldn't that instead make it an act of insurrection or warfare? It would be funny to see insurance companies spin claims related to weather disasters largely caused by climate change as an act of insurrection by the oil companies
God created the universe(unless im missing a religion where gods didnt create the universe), which lead to humans, which lead global warming
God is basically as responsible for global warming as humans are if you ignore everything between "the universe is created" and "global warming"
Also, missed opportunity for an oil company to name themselves "God"
Going by that argument though, then EVERYTHING is an indirect act of God.
Bullet wound? Clearly it was God’s will, for ordering the universe in such a way that an individual was armed at that point in time to cause you harm.
Cancer? God willed the carcinoma onto your skin.
Maybe it’s just Argumentum ad absurdum, but insurance companies are basically arguing against their own existence.
If you consider something that was caused by humans an act of god, then why would anything else caused by humans not be considered an act of god
Remember God isn't real though.
According to Wikipedia, there are 4200 religions. I was just covering most cases
Also, im pretty sure there cant be an act of god without a god
A legal "Act of God" is a term of art in legal documents, though - usually found in a force majeure clause. I don't think you need to have a God to have an "Act of God".
It's just a good portion of our legal code and its terms are derived from English law from several hundred years ago.
Why would billionaires sue themselves?
When I arrived again in Australia, floods happened again—hm, maybe I'm the problem—anyway! Insurance companies were trying to get out of payments by saying flood damage was covered as a result of flooding from rain. And yes, rain obviously caused the flooding, but the rain occured up on mountains which then flowed down and flooded areas below.
The government regulators got onto it straight away.
The final attempt argument was something like "The insurances cover water coming from above, not below."
Regulators didn't have a bar of it. Insurance companies had to do—get this—insurance.
Everyone was happy except for insurance companies and the people that lost their homes and got financially held up for over a year as the insurance companies tried to find any leftover money for payouts because the rest was in funds. Of course.
TBH, an act of God is precisely what you want insurance for.
If we can pass a law requiring insurance companies to cover acts of a god, will they then acknowledge climate disasters as man-made?
That depends on what their accountants think will make them the most short term profits
The meme has a fair point, but its not my gripe with the insurance industry. Im of the opinion that the managers for collective risk products should not be for-profit organizations.
In the US, if a hypothetical agency or one of those weird orgs like the postal service ran national insurance they would not be as profit driven and their proximity to other governennt bodies would push much needed regulations forward.
Insurance being operated by profit-driven organizations runs into many of the exact same problems as for profit healthcare and oh look, more private insurance fuckery!
Can we take them for court for this and force them to prove God exists. Since they can't it forces them to cover it...
Using an imaginary friend as excuse? Wtf
They don't usually dodge by claiming act of God.
It's more like cutting estimates by 90% and threatening adjuster jobs if they don't.
https://www.cbsnews.com/news/florida-family-hurricane-ian-insurance-payout-accusations-60-minutes/
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