[FALSE CLAIM] “Climate change is driving insurance rates up, forcing developers to add weather-proofing”
November 1, 2023
“…Commercial real estate properties have seen insurance rates rise an average of over 7% since 2017, according to an August Moody’s report. That’s compared to a typical yearly increase of about two to three percent.
“It’s not all really due to climate hazards, but that is one of the core issues,” said Kevin Fagan, who authored the report and leads Moody’s commercial real estate analysis division…”
See the bold. That’s all you need to see. Global warming is a lie and a scam. It was called global cooling in the 70’s and global warming in the 90’s. Let me ask everyone a question. Did people not know about “climate change” in the early 2000’s? Why wasn’t this a problem then?
You know what is driving rates up? Inflation due to massive amounts of money printing is driving the cost of everything up.