Farmers Insurance Group has announced that it will not renew home, auto, and other policies for people in Florida.

The company cited increasing risks of severe weather in deciding to leave nearly 100,000 policyholders stranded.

Farmers had already limited policies in California, as have other major insurers like Allstate and State Farm.

Meanwhile, July 3 was the hottest day (by global average temperature) our planet has experienced in 125,000 years.

That’s not a typo.

And then that stupendously alarming record was broken again the very next day, July 4.

Here’s the thing:

Farmers has invested massively in fossil fuels. And its affiliated company, Zurich Insurance Group in Switzerland, is a major insurer of the oil and gas industries — the very industries that have brought us to the brink of climate catastrophe in the first place!

Zurich, by the way, has a market value of $71 billion. That’s more than the combined gross domestic products of the world’s 42 poorest countries — the citizens of which will suffer far more from climate chaos than will corporate executives lounging about in lodges in the Swiss Alps.

A message for Farmers Insurance executives:

Farmers Insurance says it can no longer afford to insure Americans’ homes and automobiles because of increasing risks of hurricanes, wildfires, and other climate-related events. But Farmers and Zurich are still financing and insuring the fossil fuel industry that is the reason humanity is facing a climate crisis in the first place. Your myopic pursuit of short-term profits by propping up dirty energy is actually undermining your own market — not to mention putting all of humanity and our entire planet in peril.

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