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Global Warming Blamed for Insurance Rate Hikes

myfoxtampabay.com — Now we know why Allstate wanted a 42-percent increase in home insurance rates. The company is using an unapproved model that factors the growing threat of global warming.

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  • EmperorAnton, on 04/09/2008, -1/+1Yea, Global warming isn't real.
  • rgladstein, on 04/09/2008, -0/+1I guess this is to be expected in Florida, but I remember about a year ago, an insurance company dropped coverage on a family in Brooklyn because they deemed the risk of flooding was too high, and the house was about 10 miles from the water.
  • Ninh, on 04/09/2008, -0/+1Raises in insurance rates cause global warming.
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