Some More News - Some More News: America’s Home Insurance Crisis Is Everyone’s Problem
Episode Date: May 7, 2025Hi. Home insurance rates are skyrocketing because of climate change disasters and a lack of regulation, and it’s going to cost you more whether you own your home or not.Hosted by Cody Johns...tonExecutive Producer - Katy StollDirected by Will GordhWritten by Erik BarnesProduced by Jonathan HarrisEdited by Gregg MellerPost-Production Supervisor / Motion Graphics & VFX - John ConwayResearcher - Marco Siler-GonzalesGraphics by Clint DeNiscoHead Writer - David Christopher BellPATREON: https://patreon.com/somemorenewsMERCH: https://shop.somemorenews.comYOUTUBE MEMBERSHIP: https://www.youtube.com/channel/UCvlj0IzjSnNoduQF0l3VGng/join#somemorenews #HomeInsurance #climatechange Subscribe today to get a 1-month supply of AG Omega-3 with your first AG1 order! You’ll also get their Welcome Kit with everything you need to get started on your AG1 journey. So make sure to check out DrinkAG1.com/morenews to claim this special offer. That’s http://drinkAG1.com/morenews. To claim your Double Your Roses offer, go to http://1800Flowers.com/NEWS – That’s http://1800Flowers.com/NEWSControl Body Odor ANYWHERE with @shop.mando and get $5 off off your Starter Pack (that’s over 40% off) with promo code MoreNews at http://shopmando.com! #mandopod Support American family farms and join the Moink Moovement today at http://Moinkbox.com/MORENEWS RIGHT NOW and get FREE wings FOR LIFENo matter how you say it, don’t overpay for it. Shop data plans at https://mintmobile.com/morenewsYou can get 50% off a new SimpliSafe system with professional monitoring and your first month free at https://SimpliSafe.com/morenews (60-day satisfaction guarantee or your money back.)See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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What do you mean shredding isn't covered?
The policy clearly says all damages pertaining
to comedic injuries, regardless of malicious intent.
Not funny.
Shredding isn't funny.
Wait, are you serious right now?
You know what? You know what, actually?
I will come to your house and shred your entire family
and you will see how, wait, no, it's not a death threat.
That's not a death threat.
They hung up.
They shrieked and then they hung up.
God, puppet insurance, am I right?
We hate it, but we can't not have it.
Just like the puppets themselves,
always shedding their felt on the rug.
Yes, they shed and not just felt.
Other things too.
There's lots of, lots of other things.
But again, we gotta have them.
We gotta insure them.
Even if you don't have a puppet,
the insurance might affect you.
Puppet insurance is everyone's concern,
which is why we're gonna talk about it today.
So home insurance says,
this is home insurance.
Well, that's, that's also important.
And fun, just as fun as puppet insurance.
Please, I promise. Home insurance is everyone's problem, even yours.
Please stay.
This is actually really interesting and insidious.
I promise you will be furious by the end.
If that's your kink, then, you know, I got you, pal.
But of course, here's some news.
Thanks to YouTube's neural analytic particle brain laser,
we know a shocking amount about our audience demographics.
And so yes, we know that over a third of you
don't own a home and 20% of you don't think you ever could.
Also, you're all gonna die in exactly 23 years
because of the laser.
But the thing about home insurance rates
is that it's absolutely still going to affect you,
even if you rent.
For one, what do you think that rent is partially paying?
And two, it's going to factor into your chances
of ever buying a home.
And three, well, we'll get to three.
Unrelated note, there sure are a lot
of natural disasters happening.
Los Angeles was on fire not too long ago.
Not in a cool way like it was dunking a basketball either.
Also, hail-infested 80 mile per hour tornadoes
have been ripping through the Midwest.
And then there was that thing,
whatever the most recent thing is, that we can just put up on the Midwest. And then there was that thing, whatever the most recent thing is
that we can just put up on the screen.
Can you believe that thing that happened?
And another totally unrelated note,
home insurance companies across the United States
are suddenly raising their rates
or just flat out dropping their coverage for customers.
For some reason, everywhere.
The average Florida homeowner pays about $2,000 more
than the national average just to insure our homes.
This paired with concerns as the state is implementing
a new reform plan that analysts say could raise insurance
premiums by 40% on average.
In fire prone areas, that could be up to 100% or more.
We discovered last year alone, Texas homeowners insurance companies asked the state to approve double digit rate increases more than 150 times.
So far this year, they've asked for 74 more.
In North Carolina, homeowners insurance rates are going up. In fact, in June of 2025, they go up, and then again in June of 2026.
The cost of owning a home right here in Colorado
is about to get even more expensive.
Yeah, homeowners insurance rates are skyrocketing,
and as we learned tonight, experts say
there's no major relief in sight.
Arizona homeowners are facing rising costs
and even losing insurance policies
as some insurers are pulling out of areas
all around our state.
Everywhere, even the cool states, home insurance,
an industry that was already valued at $57.67 billion
in 2023 is projected to more than double
within the next decade.
If my math's correct, that is more than $57.67 billion.
These price hikes are causing 7.4% of homeowners
to just go without home insurance,
assuming they can get the insurance in the first place.
That might not sound like a lot,
but it equals to, at the lowest estimate,
1.6 trillion in property assets unprotected.
But who could blame them?
After all, if the rates are high enough,
you could just use that money for an emergency fund or get a hot tub.
Except there are other reasons we need home insurance, and in a lot of cases, simply can't go without it.
For example, if you want to have a mortgage, most lenders require you to also get insurance.
That affects both people buying and selling their homes.
This similarly applies when you want to take out a loan using your home as collateral too.
So yeah, when it comes to homeowners insurance, you're kind of stuck having it unless you
fully pay off your mortgage, don't plan on moving anywhere ever again, and are willing
to pay out of pocket for any damages that happen to your home.
You know, if you're Batman rich.
And again, as we already mentioned,
this increase doesn't spare renters either.
The homeowner's insurance crisis trickles down
like that moldy splotch on your shower ceiling
that feels like gravy, smells like gravy,
but definitely does not taste like gravy.
Trust me, not to mention that renters insurance
is also getting the same treatment,
as in raised rates, less coverage,
or getting outright dropped by providers.
It should be noted that depending on where you live,
some apartments will require you to get renter's insurance
as part of the lease, effectively raising rent,
on top of the rent increases for all the other stuff,
which again, often includes your landlord's home insurance.
It's a Russian nesting doll of scams.
Much like that playground casino I briefly opened
until cancel culture struck again.
Always, always with a cancel culture.
So to recap, most people have to get home insurance,
which is now skyrocketing and or rejecting customers,
creating an inescapable financial hell,
much like my child-sized casino.
So why the increase in rates?
I mean, greed, of course.
There's always that.
Also, inflation, obviously.
Also, a third really grim and obvious thing.
But then there's the other grim and obvious thing,
a lack of regulations.
Boy, it's all pretty obvious.
And bad.
But in an unreasonably priced one-bedroom nutshell, state regulators don't wield much
influence in how much insurance companies can charge and what coverage they offer in
their state.
See, insurance is mainly a privatized industry, for some reason.
So if state regulators play hardball too much,
these insurance companies would simply threaten
to pull out of the market.
Because for, again, some reason,
we designed a system where private
and national corporations hold institutional power
while insisting that their regulations
happen at a state level.
That seems stupid.
Might have something to do with the insurance companies
fighting to keep it that way.
And so think of these state regulators
like how commissioner Gordon is with the Joker,
Marge Simpson is with Bart
or how Chuck Schumer is with Republicans.
Just showing up to hope they don't do the most evil thing
lest they wag a finger while they do the most evil thing.
You should have wagged harder.
Yeah, wag all your parts Schumer, all of them.
So thanks to that lack of regulation,
companies don't have to disclose
what they charge for insurance.
And yet researchers found that low regulation
was the main driver of homeowners insurance premium costs.
Gee, that's probably why they don't want
that information tracked.
To put this into perspective,
lack of regulation factors in more than risk,
meaning that homeowners in low regulation states
are paying far more in insurance premiums
than those in high regulation states,
even if their level of risk is similar.
To put it even simpler,
the amount your insurance company will charge you
is mainly based on how much they think they can get away with. That's it. And since these are often
national companies, they are thinking about it nationally. What I mean is that if you're paying
a higher price for homeowners insurance in Oklahoma, it's likely so the insurance company
can afford to provide coverage for homes in California.
They're offsetting costs
and dumping them on less regulated states.
Seems like a really bad system
when you stand back from it like that or close to it.
Really, any distance actually looks not great.
It's also worth noting that just because a company
lowers insurance rates in an area,
it doesn't mean there's less risk or more regulation.
That would be too simple and not sinister, you see.
No, sometimes they're encouraging would-be homeowners
to build and live in homes in dangerous areas
with high risk.
A First Street Foundation report found
that 39 million homeowners weren't paying
insurance premiums that reflected the full risk
of fire, wind,
and flooding to their house.
Basically, they lowball their risk assessment
in order to lure people into an area,
trap them into an insurance plan,
and then raise their rates to reflect the actual risk,
like a clown luring a child to a roulette wheel,
hypothetically, assuming, of course,
that they don't just bail on that area anyway.
Because again, these companies can just bail on you
if things get too hard, like a shitty stepdad,
they can just leave, you know, for reasons.
I'll give you a hint, it's climate change.
Insurance companies know that climate change is real
and a thing and are pulling out like we're all Tom Cruise
filling another Mission Impossible.
That's kind of what this episode is actually about.
And we had to hide it in the much more thrilling subject
of insurance rates.
But basically our world is dying
and the first people to actually act
are the corporations most affected in their bottom lines.
If there was ever more clear evidence of climate change,
it is this.
Kind of like how Trump, that president,
likes to deny climate change
while putting sea walls around his golf courses
and eyeballing Greenland and Canada
in case the planet warms for some mysterious reason.
Like these are people insisting that the boat isn't sinking
while simultaneously stacking their money on a life raft.
Because it turns out that when an insurance company
is faced with the existential threat
of increasing natural disasters,
they don't really do the right thing.
And so after the break,
we're gonna talk about how corporations
and state governments are teaming up
to screw over the American people,
specific to insurance and not all the other ways
that's also happening.
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So to recap, climate change is happening, homes are getting destroyed, and insurance
companies are, you know, insurance companies. We should probably take a moment to explain
how insurance companies actually make money. There's of course the premiums, as in charging
money to the customer for this protection. But insurance companies also take your premiums
and reinvest them into interest-generating
assets.
This includes stuff like treasury bonds, corporate bonds, high-yield savings accounts, and the
like.
More boring money stuff.
Not fun underground clown gambling stuff, which is still money stuff, but it's for
me, so it's good.
The rates they charge for premiums are based on the insurer's assessment of risk—how
likely a bad thing will happen—that
would trigger a payout to the customer, which is a process called underwriting. And that's,
of course, the pickle. Because climate change is bad and causing a lot of bad things to happen,
and increasing that risk to the point that it's causing massive price hikes,
or insurers to pull out altogether. And because state governments are weirdly
dependent on these companies, they are either powerless to stop them, or actually helping
them screw people over to keep them there. And this is already happening.
Florida comes to mind. After needing to pay out so many claims due to hurricanes, private
homeowners' insurance pieced right out of that state, leaving its
state-backed insurer and last resort, Citizens Property Insurance Corp, to clean up the mess.
They call it a last resort because Citizens Property Insurance Corp has only the ability
to pay up to $16 billion in claims.
Which sounds like a lot, except Hurricane Ian did $112.9 billion worth of damage.
So, last resort, if it's even a resort at all.
In response to this, Florida's Republican leaders,
including Governor Ron Ted Cruz 2.0 DeSantis,
blamed insurers leaving the state
on the obvious existential and global problem of lawsuits.
They blamed frivolous lawsuits made by people
who weren't getting their claims honored
and then passed a bill designed to shield
the poor insurance companies from the mean
and nasty hurricane victims.
See, because when there are a bunch of whistleblowers,
you gotta outlaw whistle use clearly.
This is all to say that Florida is one of many states
up a creek and the people in charge appear
to be eating the paddles.
But good news, they are in no way alone.
Even the woke states are screwed.
Remember this happening?
I sure do.
As we watch the devastating wildfires move through Los Angeles County, it's raising
new threats to the state's growing insurance crisis. With more than 13,000 homes at risk,
losses could approach at least $10 billion.
Ah yes, Los Angeles. City of Cody, they call it. California happens to be the most disaster prone state. Ha ha, we did it!
Suck it, Florida!
Eat our piss, Florida!
Eat our piss.
Just months before the LA fires,
thousands of residents were dropped
by their insurance providers
or experienced record level premium hikes.
Interesting how they already knew
to bounce before the fires,
probably because of all the other fires before it.
State Farm alone dropped 1,600 homeowners policies
in the Pacific Palisades in July of 2024,
again, before the fire that would wipe out their homes.
And I just wanna take a moment to reflect
on how fucked up that is.
We buy insurance in case something bad happens. So it's weird.
They're allowed to just dip out when they think a bad thing is coming.
That's like designing a helmet to leap off your head when it detects an accident
or a car that automatically locks its doors when engulfed in flames.
They are forcing us to pay for their protection and then abandoning us when we need it.
Not even the mob does that.
Heck, not even the woke mob does that.
So then the fires hit,
leading to like tens of billions in insured losses.
Lord knows how much in uninsured losses.
And the people with coverage are now battling
a maze of bureaucracy from these companies
who want nothing more than to take the money and run.
Other people got coverage through California's Fair Plan, but much like with Citizens Property
Insurance in Florida, it is just so unprepared to pay people what they lost.
Currently, the Fair Plan is on the hook for $5 billion worth of damages, and yet only
has $377 million to dish out for claims.
But hey, at least California's insurance commissioner got to work and put a one-year
moratorium on insurance non-renewals and cancellations on January 9th, otherwise known as two days
after the wildfires initially started, and months after several insurers dropped the policies of SoCal residents.
Because again, state governments regulate insurance companies the way I regulate eating gushers in bed.
In that, they basically don't. Or when they do, it's too little too late.
These national insurance providers have blamed regulations and worse disaster risks
for why they're pulling out of California, even though for the last 20 years they've
made 3% more profit in California over the national average. So, like Florida, the state
now has to find ways to keep them here. For example, the state insurance commissioner
passed new rules that allow insurers to set premiums based on computer models of future exposure and risk, rather than the more transparent
method of basing premiums on past exposure and history of the property.
And of course, can you guess who controls the computer modeling system?
Can you guess?
Can you? Girl?
Ooh, such a good guess, but no, it's the insurance companies.
Very fair and not at all easy to abuse.
It should be noted that there are over 5 million
housing units that meet with undeveloped wild land vegetation
that is susceptible to wildfires.
So that's a good chunk of people
that the insurers can gouge with higher rates.
In exchange for the rule changes, the insurance commissioner has forced the companies to provide
policies for at least 85% of people living in fire areas. Hey, good. Except he gave them 30
years to reach that 85%. 30 years! You'll all be dead by then because of the laser.
We won't even have fires at that point.
We'll have something called like hyperfires.
Now the hope is that eventually these newer rules
will attract more insurers and that prices will even out
in order to stay competitive, you know,
assuming there will still be homes to insure by then,
I guess.
And while California is the hotspot for disasters,
it's not the state with the biggest insurance pullout.
That prize likely goes to Louisiana, the booze and boot state.
Not a stranger to pullouts, am I right?
I am right.
And speaking of getting fucked,
they might be suffering the worst home insurance rate hikes
of any other state, at least in the Union.
Kudos to them!
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Adorable.
Not creepy.
Not creepy.
Adorable.
Not creepy.
Many of the hikes are due to dozens of insurance companies either leaving the state or going
bankrupt over the last three years.
Much of this had to do with consistent and frequent climate change disasters,
most notably Hurricane Katrina.
This forced a giant number of residents
to choose the last resort state option,
Louisiana Citizens Property Insurance.
You can probably assume where this is going.
Much like, I don't know, some kind of building disaster,
Louisiana created the perfect storm
of dicking over their residents.
A dick storm, a dicknado, a girthquake.
Since 2008, the state offloaded thousands
of Louisiana citizens property insurance customers
onto smaller private insurance companies
to help provide coverage.
These private companies artificially kept rates low
to attract more premiums.
They also spread their profits to a network
of affiliate agencies that aren't affected by regulators.
This all seems safe and good.
It's the perfect money-making plan
that could only be ruined if, oh, I don't know,
if a state had back-to-back-to-back-to-back-to-back
hurricane disasters within a year's time.
Oh, right, that is what happened.
And one by one, all of these companies
began to sheepishly open their big wallets
to show moths flutter out.
According to the CEO of Southern Fidelity Insurance,
one such company, this was the fault
of policy holder lawsuits.
It wasn't his fault they couldn't pay, you see.
It was the darn people who weren't getting paid.
Unrelated, Southern Fidelity also spent $5.7 million
on a 1,300 acre compound slash hunting lodge
slash residence for, I'm gonna guess it's the CEO.
Yeah, it's the CEO who blamed lawsuits.
Oh, that is related after all.
Man, the mob would have a field day with these guys,
wouldn't it?
I'm actually really pro mob today,
probably because they helped me with my casino,
but these reasons helped too.
So after this collapse,
Louisiana's insurance commissioner had to act fast
by lowering regulations to attract insurers,
specifically abandoning the state's three-year rule,
which prevents insurers from dropping policyholders
who have been in business with them for three years or more.
Cool, that'll do it.
If you were to get rid of the three-year rule
in Louisiana, you would see a large, large, large number
of people, particularly south of I-10 and I-12,
be forced off of their insurance policies.
Their policies would be canceled.
And when those policies are canceled,
they're gonna be sent onto citizens' policies,
where they're gonna be, by law, charged 10% more.
That means that we've effectively made home insurance
less available by forcing them onto the insurer
of last resort's books and less affordable
by charging them 10% more
than the market price.
That's pouring gas on the fire.
Yeah, that nerd is correct.
If you can't make them stay, they're not gonna pay.
That's what I say in this rhyme.
Anyway, should another big storm hit,
the private insurers are just going to flee again
and leave the state insurance with the bill,
which is already past due in trying to pay out claims
adding up to over $1 billion
from the past few hurricanes already.
But you know, maybe they won't have any more big storms
anymore in Louisiana.
And just to stress it,
this is basically the dance every state is doing.
We're just picking on the coastal ones
because they get that sweet ocean breeze.
But Colorado, Oklahoma, Nebraska, and Kansas have some of the highest premiums in the country.
The reasons for this range from lack of regulation, more dispersed housing,
which means fewer customers to compete with, and of course, worsening climate events such as
hailstorms and tornadoes. This is with virtually none of the state insurance commissioners denying
requests for an insurance rate increase. No one has our backs here, it seems. And what
makes this so important, besides the actual housing crisis, is that this really just seems
like a taste of things to come, across the board, when it comes to climate change. There
is an existential threat looming over us, a growing disaster that simply needs to be solved,
whatever the cost.
And while half of our political class claimed
it's not even happening,
the first concern we're seeing is how to protect profits.
But climate change simply doesn't care about capitalism.
The same way Godzilla doesn't care about building codes.
It's just gonna happen to us.
And we can't really be concerned
about whether or not the insurance industry
makes sense anymore, which it super doesn't.
This is so very akin to rearranging the deck chairs
on the Titanic.
It so clearly doesn't matter to anyone
if a niche group of insurance executives are making money.
People are having their homes destroyed
because of escalating natural disasters.
And now we need to figure out how to give them new homes and perhaps, I don't know,
reduce the rate of those disasters, you know, if there's time and if we feel like it decades
ago.
The problem isn't actually complicated unless we make it complicated.
And while we're probably not going to solve climate change in this episode or in any episode or in real life,
we can at least think about ways to deal
with this home insurance hogwash.
Luckily, increasing disasters happen everywhere.
So perhaps we can peek at our neighbors' work
to see what they answered on the test.
Because other countries definitely like
and want to help us right now
because we're so trustworthy and kind.
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spelled mo I
Nk box dot com slash more news that's
Moink box dot com slash more news
stick it old JD
Rockefeller.
This year, it's hot saving summer.
Folks, it's so much easier to do the hot blank summer thing
when you don't have to work out or wear a certain thing
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Finally, a hot something summer I can enjoy.
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And now it's time for hot disclaimer summer.
Upfront payment of $45 for three month,
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New customer offer for first three months only,
then full price plan options available.
Taxes and fees extra.
See Mint Mobile for details.
End of summer.
Summer's over, folks.
Friends and well-wishers, I am not going to lecture you about how to take precautions for your home.
After all, you probably don't have Marie Schrader, the character from Breaking Bad played by Betsy Brand, constantly lurking outside your home waiting to steal things.
But I do.
She's out there right now.
Specifically, I'm talking about Marie from the earlier seasons of Breaking Bad, where her compulsive stealing was a common B story.
If season five Marie was outside my home, I wouldn't worry at all.
But since it's season one Marie out there, I need to take precautions and that is where
SimpliSafe comes in.
They were named the best home security system of 2025 by CNET and their active guard outdoor
protection is setting a new standard in home security.
I trust SimpliSafe over every other option out there to help protect my home from Marie,
who I assume got over her compulsive stealing problem after the season 4 episode, Open House,
after which it's just never mentioned again.
Maybe she's still stealing stuff amidst all the other chaos.
I don't know.
I don't know. I don't know. And honestly, I don't want to know.
But you can get 50% off your new Simply Safe system with professional
monitoring and your first month free at simply safe.com
slash more news. In fact, I'm going to say that two more times,
loud enough that even a still developing character
of Marie can hear, okay?
SimplySafe.com slash more news!
That's SimplySafe.com slash more news!
There's no safe, like simply safe. No, no, no, no, no.
I meant shred like a wicked guitar solo.
Please, I didn't threaten your family.
No, I had no idea your uncle was killed
in a woodchipping accident.
Well, had I known, I would have used a different method
when I threatened to kill your family.
Wait, wait, no, no!
They hung up.
Goddamn insurance, everyone hates it, but you gotta have it, apparently.
I mean, it's a thing we made up, like money,
but we gotta have it,
the thing no one likes that we made up.
So we pointed out that other countries have homes, I think,
and those other countries also have disasters.
And one would assume those other countries
may have figured something out here.
In fact, Canada, Japan, and Australia
pay significantly lower rates in homeowners insurance
despite facing the same climate issues
and inflation rates that we do.
And there's actually a really obvious thing
that we should do that might mitigate the problem,
at least a little bit.
Let's see if you can pick up on a pattern here.
Australia has a Cyclone Reinsurance Pool Grant, which facilitates the spread of liability
across insurance companies, otherwise known as reinsurance, for areas impacted by cyclones.
Or as the Aussies call them, skoikangas.
Canada is creating a national flood insurance program for high-risk areas, or as they call
it, fl- I forget what Canadians sound like.
Flauds!
There it is.
And then, as you may expect, Japan's government offers private insurers reinsurance whenever
there is a massive quake, or as the Japanese call it, jishin.
I learned that from Crunchyroll.
That dandidan is wild.
None of these methods are perfect.
But again, all of these countries
have lower insurance rates than America.
And you may notice that the answer each time
is just for the freaking federal government
to step in and help.
Like in all of this, perhaps it occurred to you
that the United States doesn't regulate
the insurance market at the federal level
and doesn't even collect data from insurers.
That's such a basic failing.
It's like we're trying to fix a car
that doesn't have wheels.
Like many things, we just have to pay for it.
The government collects all our money, right?
Presumably they have that money somewhere.
Like maybe they buried it under the Washington monument
and they just have to use some of that money
toward this thing.
And I don't know, maybe throw renters a bone too,
like backing renter's insurance
and perhaps tossing money toward first time home buyers.
Hey, that would have been cool.
What a cool idea. We should have elected her to president
instead of whoever is the president now.
The snag, however, is, well,
we kind of have a bigger problem right now.
And so sadly, this situation is only going to get worse
as insurance companies take advantage
of further deregulation while Trump tries to gut FEMA
because someone forwarded
him an email saying they harbored non-white migrants or some shit.
We're in a very stupid situation and have like a million steps to take before we can
even think of creating some kind of federal regulation for home insurance.
I mean, I'm always a fan of being solution-oriented, but this is like googling herb garden ideas
while being eaten by a boa constrictor.
Lemon grass really compliments the sound
of your own screams.
But if you're curious, the first thing we need
is to reevaluate and rethink how we design our cities.
You know, if you aren't gonna do something
about climate change.
There should be an option for people to be bought
out of disaster prone areas so they can relocate.
And then we need to restrict further development
in those disaster zones.
Basically, people actually should be able to sell their house
to Aquaman and move.
But since there's no Aquaman,
it'll have to be the government
until we get an Aquaman, God willing.
Or we can do something about climate change.
Another series of solutions would be to have our government
grant federal and state incentives, tax credits, and hell, just give citizens money to put towards hardening homes, fire breaks, forest clearing, and other proven practices that can lower the risk of property destruction.
And do this for everybody. And do it right. many poorer Louisiana residents were dicked by their state's funding program and had to rebuild their homes with shoddy materials
and contractors that left them even more vulnerable
to hurricanes than before.
The point here is to make it right the first time
so we don't have to keep spending the money.
Or we do something about climate change.
That's always an option.
I'll leave that right there on the table if anyone wants it.
It looks pretty good.
Are you sure you don't want it?
It's good, take it please, okay.
We also need to force our representatives
to fight back against insurance companies
and hold them to higher standards.
A seemingly Herculane task, I know.
But for example, this California bill,
which failed, would have been good.
If it passed, it would have forced insurance companies
to give customers discounts if they took specific actions
to mitigate fire damage.
It's weird they didn't pass that.
It's also weird that we would have to force these companies
to do something like that, but we super do.
Just like we have to force our politicians
to force the companies to practice basic decency.
But we do.
With this and with climate change.
And really everything.
Because again, it's a microcosm of the larger problem.
We can't assume that if things get really bad, our government and large corporations
will suddenly become altruistic and everyone will band together and finally solve the issue.
That would be nice, and I hope.
But more likely, they'll just try to monetize
our waterlogged corpses.
We have to make them do the right thing
because they have no moral compass.
They are not people.
Remember how I said that insurance companies make money
by investing our payments into interest-generating assets?
Well, one of the areas they invest in is, no joke, the fossil fuel industry.
Of course they do, and those fossil fuel industries also happen to donate towards
campaigns for state insurance regulators that happen to fight for looser regulations
for insurers to do business. So climate change raises premiums,
forcing us to pay insurers to invest in fossil fuels,
which exacerbate climate change
and support insurance companies.
It's a scam.
They're doing a big scam,
except the mark is the entire earth.
They're literally in a symbiotic relationship
where they siphon money from people hurt by disasters,
they are making worse.
Like if Batman and the Joker were business partners,
sorry, Bateman.
Having insurance isn't the same as having State Farm.
It's like getting Bateman
when you need the protection of Batman.
Easy, Batemobile, not too fast, baby.
Ah, cool ad, State Farm.
Must've cost a lot.
Maybe you could've used that money
to not drop all those homeowners in LA.
You know, like a good neighbor.
I should mention that a lot of insurance companies
have, to their credit, stopped investing
in fossil fuels over the last decade.
But not State Farm.
Both State Farm Insurance and Berkshire Hathaway
just doubled down on investing,
making up for any other insurer
that has dropped off or lessened their investment in big oil. State Farm even hires the same lobbyists
as them. They're insects. Mindless money insects. If nobody limits them, they will just keep eating
us until there's nothing left, until the earth burns around them while they play Mario Kart in their luxury bunkers.
They're bad is what I'm saying.
I think I hate them.
And we don't have time for their bullshit.
Fuck it, Warmbo, I'm sorry buddy.
You just got to stay shredded for a little while longer.
It's a matter of principle.
That's okay.
Warmbo's flesh is merely a facade
holding back the infinite rift
which feeds off the pit of despair in every man's stomach.
Yeah, that's what I thought it was.
["The Star-Spangled Banner"]
He's fine. It didn't even hurt him. He said it tickled. He was like, Ha ha, that tickles.
Remember that from the nineties,
which was 30 years ago.
Look how I massacred my boy.
Thanks everybody for watching. Make sure to like and subscribe and leave a comment. Look how I massacred my boy. You can check that out at the podcast store where you buy your downloads of podcasts
or you can watch that show on our YouTube channel
twice a week.
You can also check out our patreon.com slash some more news.
You can also check out our merch store.
That's a URL on screen for you,
describing the letters in order that you type
to go to that website.
You can get Warmbow's body face on a shirt
to commemorate our tragic loss of his particular shell today.
He'll be back.
It's fine.
He's just here.
Like, obviously we didn't cut him up.