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O=C=OCapitalism Eating Itself by Fueling Climate Mayhem, Warns Capitalist If humanity stays on current course, warns top insurer, the "financial sector as we know it ceases to function. And with it, capitalism as we know it ceases to be viable."According to GüntherThallinger, a former top executive at Germany's branch of the consulting giant <a href="https://climatejustice.social/tags/McKinsey" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#McKinsey</a> & Company and currently a board member of <a href="https://climatejustice.social/tags/Allianz" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Allianz</a> SE, one of the largest insurance companies in the world, the <a href="https://climatejustice.social/tags/ClimateCrisis" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ClimateCrisis</a> is on a path to destroy <a href="https://climatejustice.social/tags/capitalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#capitalism</a> as we know it."We are fast approaching temperature levels—1.5C, 2C, 3C—where <a href="https://climatejustice.social/tags/insurers" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#insurers</a> will no longer be able to offer coverage for many" of the risks associated with the <a href="https://climatejustice.social/tags/climate" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#climate</a> crisis, Thallinger writes in a recent post highlighted Thursday by <a href="https://climatejustice.social/tags/TheGuardian" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TheGuardian</a>.There is no way to "adapt" to temperatures beyond human tolerance. There is limited adaptation to <a href="https://climatejustice.social/tags/megafires" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#megafires</a>, other than not building near <a href="https://climatejustice.social/tags/forests" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#forests</a>. Whole cities built on flood plains cannot simply pick up and move uphill. And as temperatures continue to rise, adaptation itself becomes economically unviable.Once we reach 3°C of warming, the situation locks in. Atmospheric energy at this level will persist for 100+ years due to carbon cycle inertia and the absence of scalable industrial carbon removal technologies. There is no known pathway to return to pre-2°C conditions. (See: <a href="https://climatejustice.social/tags/IPCC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#IPCC</a> AR6, 2023; NASA Earth Observatory: "The Long-Term Warming Commitment")At that point, risk cannot be transferred (no insurance), risk cannot be absorbed (no public capacity), and risk cannot be adapted to (physical limits exceeded). That means no more mortgages, no new real estate development, no long-term investment, no financial stability. The financial sector as we know it ceases to function. And with it, capitalism as we know it ceases to be viable. <a href="https://www.commondreams.org/news/capitalism-climate" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.commondreams.org/news/capitalism-climate</a>

beSpacific<a href="https://newsie.social/tags/Health" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Health</a> <a href="https://newsie.social/tags/Insurers" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Insurers</a> Deny 850 Million <a href="https://newsie.social/tags/Claims" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Claims</a> a Year. The Few Who Appeal Often Win. <a href="https://newsie.social/tags/Patients" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Patients</a> who contest denials face a daunting process, but many are successful. ‘This appeal saved my life.’ <a href="https://newsie.social/tags/medical" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#medical</a> <a href="https://newsie.social/tags/care" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#care</a> <a href="https://newsie.social/tags/healthcare" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#healthcare</a> <a href="https://newsie.social/tags/insurance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#insurance</a> <a href="https://newsie.social/tags/denials" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#denials</a> <a href="https://newsie.social/tags/medicine" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#medicine</a> <a href="https://newsie.social/tags/life" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#life</a> <a href="https://newsie.social/tags/threatening" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#threatening</a> <a href="https://newsie.social/tags/illness" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#illness</a> <a href="https://www.wsj.com/health/healthcare/health-insurance-denials-fight-back-70a1328e?st=H85QEB&reflink=desktopwebshare_permalink" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.wsj.com/health/healthcare/health-insurance-denials-fight-back-70a1328e?st=H85QEB&reflink=desktopwebshare_permalink</a>

CelloMom On Cars"A California state senator said Monday that he wants to give homeowners and insurers the ability to sue oil and gas companies when a disaster caused by <a href="https://mastodon.social/tags/ClimateChange" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ClimateChange</a> damages their property.Senate Bill 222 also would provide <a href="https://mastodon.social/tags/insurers" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#insurers</a> with a direct cause of action against oil and gas companies. They could recover losses resulting from climate impacts and rising costs looming over the insurance market and the state’s FAIR Plan."<a href="https://www.courthousenews.com/california-lawmaker-seeks-to-hold-fossil-fuel-companies-accountable-for-climate-change-related-damage/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.courthousenews.com/california-lawmaker-seeks-to-hold-fossil-fuel-companies-accountable-for-climate-change-related-damage/</a>

Alex@rtnVFRmedia Suffolk UKA low mileage <a href="https://social.tchncs.de/tags/Mercedes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Mercedes</a> <a href="https://social.tchncs.de/tags/EV" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#EV</a> randomly caught <a href="https://social.tchncs.de/tags/fire" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#fire</a> outside a house in <a href="https://social.tchncs.de/tags/Northamptonshire" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Northamptonshire</a> <a href="https://social.tchncs.de/tags/England" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#England</a> - the family and their 4 <a href="https://social.tchncs.de/tags/dogs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#dogs</a> were able to escape via the back door unharmed, but will be waiting 6 months for <a href="https://social.tchncs.de/tags/insurers" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#insurers</a> to approve repairs to the house (Mercedes are investigating and have provided them with a loan car in the meantime)<a href="https://www.itv.com/news/anglia/2024-10-28/cctv-images-show-electric-car-explode-into-flames-on-familys-driveway" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.itv.com/news/anglia/2024-10-28/cctv-images-show-electric-car-explode-into-flames-on-familys-driveway</a>

beSpacific<a href="https://newsie.social/tags/Biden" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Biden</a> to Propose That <a href="https://newsie.social/tags/Insurers" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Insurers</a> Cover Over-the-Counter <a href="https://newsie.social/tags/BirthControl" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BirthControl</a> by NYT’s Sheryl Gay Stolberg: “The rules would include emergency <a href="https://newsie.social/tags/contraception" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#contraception</a>, a newly approved nonprescription birth control pill, <a href="https://newsie.social/tags/spermicides" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#spermicides</a> and <a href="https://newsie.social/tags/condoms" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#condoms</a> and would affect 52 million America <a href="https://newsie.social/tags/healthcare" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#healthcare</a> <a href="https://newsie.social/tags/reproductiverights" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#reproductiverights</a> <a href="https://newsie.social/tags/WomensHealthcare" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#WomensHealthcare</a> <a href="https://newsie.social/tags/civilliberties" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#civilliberties</a> <a href="https://www.nytimes.com/2024/10/21/us/politics/biden-harris-birth-control-rules.html" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.nytimes.com/2024/10/21/us/politics/biden-harris-birth-control-rules.html</a>

beSpacific<a href="https://newsie.social/tags/Storms" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Storms</a> be damned, <a href="https://newsie.social/tags/Florida" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Florida</a> keeps building in <a href="https://newsie.social/tags/flood" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#flood</a> zones. The state constructed 77,000 new properties in high-risk areas since 2019, the most in the nation, according to an analysis by <a href="https://newsie.social/tags/climatemodeling" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#climatemodeling</a> done by First Street Foundation for the WSJ. The building binge is putting the real-estate industry, and the <a href="https://newsie.social/tags/banks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#banks</a> that <a href="https://newsie.social/tags/finance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#finance</a> it, on a collision course with <a href="https://newsie.social/tags/insurers" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#insurers</a>. <a href="https://newsie.social/tags/hurricanes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#hurricanes</a> <a href="https://newsie.social/tags/flooding" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#flooding</a> <a href="https://newsie.social/tags/housing" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#housing</a> <a href="https://newsie.social/tags/climatecrisis" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#climatecrisis</a> <a href="https://newsie.social/tags/environment" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#environment</a> <a href="https://newsie.social/tags/GOP" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#GOP</a> <a href="https://newsie.social/tags/MAGA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MAGA</a> <a href="https://newsie.social/tags/disaster" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#disaster</a> <a href="https://newsie.social/tags/realestate" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#realestate</a> <a href="https://www.msn.com/en-us/money/realestate/storms-be-damned-florida-keeps-building-in-high-risk-areas/ar-AA1smsIo" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.msn.com/en-us/money/realestate/storms-be-damned-florida-keeps-building-in-high-risk-areas/ar-AA1smsIo</a>

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