Texas Is Coming for 'Woke' Insurance Companies Next

[Yo_Mama_Been_Loggin]

Don’t worry, helpless insurance companies: the Texas Legislature is here to protect you from big, bad environmentalists. A Texas state senator said during a panel discussion last week at a conference put on by a prominent climate-denier think tank that the state legislature would focus on rolling out legislation this year to punish insurance companies trying to divest from fossil fuels. The big target is ESG, or environmental, social, and governance, a strategy companies can use to make ethical investments.

During a panel discussion last week at the Texas Public Policy Foundation’s annual summit—creatively titled “ESG = Everyone’s Suffering Guaranteed” (lol, you guys! Lol!)—Texas State Sen. Bryan Hughes lifted the curtain on upcoming legislation that seemed to mimic the law passed in 2021 forbidding Texas from doing business with financial institutions that have pro-climate policies. This time, Hughes said, the legislature would target insurance companies that have similar policies.

“If they’re going to mess with money that belongs to Texas retirees and undermine the very Texas economy, we’re gonna teach them some manners,” Hughes declared, earning whoops and applause from the audience.

Those of you who have been following our coverage of fossil-fuel-friendly policies coming out of Texas may recognize the Texas Public Policy Foundation, the source of some of the wackiest pro-fossil fuel rhetoric in the Republican Party, including the idea that coal was responsible for ending slavery. It’s easy to laugh at TPPF and the frankly bonkers stuff it pushes out. For instance: Jason Isaacs, a former Texas politician who now runs TPPF’s energy arm and moderated this particular panel, doubled down on the think tank’s rhetoric that fossil fuels lift people out of poverty, calling the Paris Agreement “treasonous” and demanding “human rights tribunals” for people like Bill Gates and UN Secretary-General Antonio Guterres for their work on climate.

https://www.yahoo.com/news/texas-coming-woke-insurance-companies-142143645.html

First it was woke investments. Now it's woke insurance.

[CanonRay]

1. When I had a single wide in south Texas

The house insurance cost double from my Oregon coast house. Fortunately I've divested off all things Texas.

[scarletlib]

2. When insurance companies get tired of bailing out Texas's environmental disasters, they will

Leave Texas or raise rates to outrageously high levels. Already happening in Florida. Then it won’t matter how woke they are be they won’t be in Texas.

[lame54]

3. They'll be going after coffee next

[walkingman]

4. It just keeps getting worse and worse - when will the crazy end.

Who are the people that find this a valid proposition? You would think it would be a big turnoff to voters.

[RKP5637]

5. Texas, always doing its best to disadvantage and be injurious to people. Texas sucks! n/t

[gratuitous]

6. All these erstwhile moral majority types sure hate it when "ethics" are shown back at them

Start talking about equity, environmental justice and requiring industry to clean up their own messes, and these guys just come unglued.

[Karadeniz]

7. Ah, GOP small government....