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Farmers Insurance Drops Climate Change Lawsuits Against Chicago-Area Cities


Illinois-flooding
Who should pay for the impacts of climate change? This conundrum was at the center of nine class action lawsuits filed by Farmers Insurance in April against dozens of cities in the Chicago area for failing to prepare for the floods that hit Illinois last spring. The insurance company argued that local governments should have known that rising global temperatures would result in heavier rains and did not do enough to secure sewers and storm drains. But, in a surprising turn of events, Farmers withdrew the suits last week, the Chicago Tribune reported.

In a statement, company spokesman Trent Frager said that Farmers initiated the lawsuits to recover money on behalf of its policyholders for losses that could have been avoided by municipalities, as well as to encourage cities and counties to take more preventative actions to reduce the risks of future natural disasters. But it seems the threat of legal action was enough to accomplish the insurance giant’s goals.

Read the full article here.

 

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