Yep that’s right. Our fate as a species is left up to the Courts and the Insurance Companies. Somehow this seems fitting and yet unfair.
Last month, Farmers Insurance Co. filed nine class-action lawsuits arguing that local governments in the Chicago area are aware that climate change is leading to heavier rainfall but are failing to prepare accordingly. The suits allege that the localities did not do enough to prepare sewers and stormwater drains in the area during a two-day downpour last April. In what could foreshadow a legal reckoning of who is liable for the costs of climate change, the class actions against nearly 200 Chicago-area communities look to place responsibility on municipalities, perhaps spurring them to take a more forward-looking approach in designing and engineering for a future made different by climate change.
“Farmers is asking to be reimbursed for the claims it paid to homeowners who sometimes saw geysers of sewage ruin basement walls, floors and furniture,” reported E&E News. “The company says it also paid policyholders for lost income, the cost of evacuations and other damages related to declining property values.”
Andrew Logan, an insurance expert with Ceres, told E&E News that there is likely a longer-term agenda in mind with this latest effort, and that the company “could be positioning itself to avoid future losses nationwide from claims linked to floods, sea-level rise and even lawsuits against its corporate policyholders that emit greenhouse gases.”
While these suits are the first of their kind, Micahel Gerrard, director of the Center for Climate Change Law at Columbia Law School in New York, told Reuters that there will be more cases like them attempting to address how city and local governments should manage budgets to prepare for natural disasters that have been intensified by climate change.
Go there and read. More next week.