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    Common DreamsTo inform. To inspire. To ignite change for the common good.

    insurance companies

    Powerful Winds Fuel Multiple Fires Across Los Angeles Area

    Extreme Weather Is Sending Home Insurance Rates Through the Roof; Big Oil Should Pay

    We and a growing number of lawmakers are proposing legislation to ensure that the companies that helped drive the climate crisis help pay their fair share of the ensuing damage.

    Scott Wiener
    Jarrett Keohokalole
    Brian Kavanagh
    Apr 18, 2026

    It's not just your rising bills for groceries and healthcare. For many Americans, the affordability crisis is now showing up in skyrocketing costs to keep their homes insured, as communities are battered by worsening weather disasters fueled by climate change.

    Our states and our constituents are feeling this directly. Hawai’i is picking up the pieces after several weeks of historic flooding, which caused more than $1 billion in damage and led to widespread evacuations. These costs are sure to increase home insurance rates that have already spiked by as much as 50% since August 2023, when out of control wildfires—worsened by climate change-driven drought conditions—devastated Maui.

    Keep ReadingShow Less
    Opinion
    climate emergency
    Rally to Stop Frack Gas Export

    Rio Grande LNG Expansion: a Lose-Lose Proposition

    The project jeopardizes the health and environment of frontline communities, threatens local economies and endangered wildlife, and exposes investors to financial and reputational risks.

    Ryan Leitner
    May 26, 2025

    In its 2024 fourth quarter update, NextDecade, a Houston-based liquefied natural gas company, announced its intention to more than double its export capacity at the Rio Grande LNG facility near Brownsville, Texas. Despite NextDecade’s sunny projections, community members and investors in the project’s owner, Global Infrastructure Partners, and its parent company, BlackRock, should be wary of risks associated with the LNG facility. The proposed expansion could further harm local communities, the region, and pose significant risks to investors.

    LNG is primarily composed of methane, a potent greenhouse gas with 80 times the atmospheric warming potential of carbon dioxide over a 20-year period. As originally proposed, this project was estimated to emit the equivalent emissions of 44 coal power plants every year, about 163 million tons of carbon dioxide annually. The newly announced expansion would be projected to emit over 300 million tons of carbon dioxide equivalent every year, or the equivalent of the emissions from 83 coal plants annually.

    Keep ReadingShow Less
    Opinion
    liquefied natural gas
    Dentist explaining x-ray to female patient at clinic

    Which Is Not Like the Other: Teeth or a Windshield?

    Happy Mother's Day 2025.

    Donna Smith
    May 11, 2025

    A pebble is kicked up from traffic in front of you, and a deep pit in the windshield causes a crack that must be fixed. No worries. You have car insurance, you think. The windshield repair team tells you that you have a $500 deductible and that the new windshield is $525. You are confused and angry about paying for car insurance for years, only to discover it is inadequate when you need it. You opt not to file a claim because that would likely raise your insurance rates yet again. It’s cash out-of-pocket for you.

    While waiting for the windshield replacement, you crack a tooth on a mint. No worries. You have dental insurance, you think. The dental office staff tells you that you have a 50% benefit for the tooth repair and that your portion of the dental care is $525. You are confused and angry about paying for dental insurance for years, only to discover it is inadequate when you need it. The dentists never take payments anymore (unless you find a financing company in advance to pay the dentist and bill you over many months). What choice do you really have? The tooth must be fixed. It’s cash out-of-pocket for you.

    Keep ReadingShow Less
    Opinion
    medicare for all
    Astros shake hands with Occidental Petroleum label on their uniform sleeves.

    American Baseball Teams Should Stop Helping Big Oil Sportswash the Climate Crisis

    More than half of all Major League Baseball teams are sponsored by companies that are exacerbating the climate emergency and the financial institutions that support them.

    Elliott Negin
    Apr 07, 2025

    Millions of Americans were buoyed by the return of Major League Baseball (MLB) this spring. For the 50% of adults who follow the sport, it can serve as a welcome distraction given the dire news coming out of Washington these days.

    But political reality can intrude even on the national pastime. It turns out that at least 17 of the 30 MLB teams are sponsored by companies that are exacerbating the climate crisis and the financial institutions that support them.

    Keep ReadingShow Less
    Opinion
    sportswashing
    An aerial view shows destruction in Fort Pierce, Florida

    Insurance Companies Are Not Good Neighbors to Have in a Climate Crisis

    Major insurers are denying legitimate claims following extreme weather events while underwriting fossil fuels and lining their CEOs’ pocketbooks.

    Sam Pizzigati
    Oct 16, 2024

    Do you know that you’re in good hands with Allstate? Or how about State Farm? Do you know that, like a good neighbor, State Farm is there? Of course you do. Insurance companies have been blasting slogans like these at us for years now. In 2022 alone, Allstate spent $617 million on advertising. State Farm spent an even more whopping $1.05 billion.

    But if insurance giants like State Farm truly rated as our “good neighbors,” they’d be behaving—in real life—quite a bit differently than their award-winning advertising suggests.

    Keep ReadingShow Less
    Opinion
    insurance companies
    Climate activists demonstrate outside the headquarters of JPMorgan Chase during the bank's annual shareholder meeting on May 17, 2022 in New York City.

    Climate Coalition Targets Big Banks and Insurance Giants With New Shareholder Campaign

    "The planet is running out of time and the banks are running out of excuses," said climate leader Bill McKibben.

    Brett Wilkins
    Mar 01, 2023

    A coalition of more than 240 advocacy groups on Wednesday launched a "Shareholder Showdown" campaign in support of shareholder resolutions urging climate action and respect for Indigenous rights at major U.S. and Canadian banks and insurance companies.

    According to campaign coordinator Stop the Money Pipeline, the resolutions—which were filed by investors including the New York City and state pension funds, Sierra Club Foundation, and others—would require banks and insurance companies to "phase out their financing of companies engaged in fossil fuel expansion, report on projects that could violate Indigenous rights, use absolute emissions rather than emissions intensity targets, disclose 2030 transition plans, and hold directors accountable at banks that are not aligned with 1.5°C pathways."

    Keep ReadingShow Less
    News
    shareholder activism

    Clinton Camp says She's Been Forced to the Left Enough Already

    Clinton ally tells The Hill, "I don't know what's left to extract."

    Andrea Germanos
    Apr 29, 2016

    Fresh after Bernie Sanders' call for "a fifty-state strategy... to plant the flag of progressive politics" nationwide, new reporting on Friday suggests that Hillary Clinton's campaign won't budge further to the left.

    After Clinton claimed more victories in Connecticut, Delaware, Maryland, and Pennsylvania this week, Sanders said, "We are in this race until the last vote is cast," adding that his campaign would head "to the Democratic National Convention in Philadelphia with as many delegates as possible to fight for a progressive party platform."

    Keep ReadingShow Less
    News
    hillary clinton

    Sanders Calls for 50-State Strategy to 'Revitalize American Democracy'

    "We need to plant the flag of progressive politics in every state in this country."

    Jon Queally
    Apr 28, 2016

    Bemoaning a failing democratic process that leaves too many people out, Bernie Sanders on Thursday said his campaign would continue to bring disenfranchised people into the political process. He also said the Democratic Party as a whole must forge a 50-state strategy to restore civic vibrancy and fuel meaningful outcomes on the key issues people care about in every community nationwide.

    "The Democratic Party has to reach a fundamental conclusion: Are we on the side of working people or big money interests? Do we stand with the elderly, the children, and the sick and the poor, or do we stand with Wall Street speculators and the drug companies and the insurance companies?"
    --Bernie Sanders

    Keep ReadingShow Less
    News
    bernie sanders
    See More

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