Economy & Business

Insurance Meltdown a Foreseeable Climate Disaster

Whether fires in California or flooding in North Carolina, climate disasters are revealing a major fault line in U.S. emergency response — a serious insurance shortfall that may lead to financial catastrophe. The new Issue Backgrounder explores the risks of underinsured disasters, the limits to the national flood insurance programs and FEMA aid, and the predictable scapegoating that has created solution gridlock.

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"Undocumented Workers Prepare to Clean Up L.A.’s Fires Amid ICE Raids"

"In the aftermath of the devastating wildfires that tore through Los Angeles last month, undocumented day laborers will likely make up a significant portion of the workforce tasked with clearing debris and rebuilding homes. As they navigate the environmental hazards of this work, they’re also facing the Trump administration’s escalating crackdown on immigrants."

Source: Capital & Main, 02/14/2025

"Coca-Cola Says It May Use More Plastic Due To Trump Tariffs"

"Coca-Cola may have to sell more drinks in plastic bottles in the US if President Donald Trump's tariffs end up making aluminium cans more expensive, the company's chief executive, James Quincey, said in a call with investors."

Source: BBC News, 02/14/2025

"Colorado And Connecticut Lowered Utility Bills By Reining In Lobbying"

"Electric and gas utilities routinely charge ratepayers for costs related to political advocacy, ads to burnish their brand, and even luxury perks for executives and employees, according to a recent report by the utility watchdog group Energy and Policy Institute, or EPI. Such expenses add up to millions of dollars paid by customers toward utilities’ efforts to raise prices and stall climate progress."

Source: Grist, 02/14/2025

"EPA Chief Seeks To Claw Back $20 Billion In Climate Funding"

"The head of the U.S. Environmental Protection Agency is seeking to end contracts agreed by the previous administration to distribute $20 billion in grants to fund clean energy and transportation projects in disadvantaged communities, he said on Thursday."

Source: Reuters, 02/14/2025

Bayer Backs Broader Effort To Shield Popular Weedkiller From Cancer Claims

"A renewed and expanded effort from chemical giant Bayer to shield itself from lawsuits that claim its popular weedkiller Roundup causes cancer brought dozens of protesters to the Iowa Capitol building Monday begging lawmakers to reject it."

Source: AP, 02/13/2025

Trump Names Oil And Gas Advocate To Lead Agency That Manages Federal Lands

"President Donald Trump has nominated a longtime oil and gas industry representative to oversee an agency that manages a quarter-billion acres of public land concentrated in western states."

Source: AP, 02/13/2025

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