California's Senate Bill 222, proposed by Senator Scott Wiener, seeks to enable victims of climate-related disasters to pursue damages from fossil fuel companies in court. The bill aims to alleviate the state's insurance crisis by allowing insurers to recover their costs from these companies, which are accused of contributing to climate change. As extreme weather events escalate in frequency and severity, California homeowners face skyrocketing insurance premiums, prompting legislators to explore alternative solutions for financial recovery in the wake of disasters.
"The fundamental reason why we have disasters that are so much more frequent and so much bigger in scale than they were five or 10 years ago... is because of climate change being fueled by fossil fuels."
"These companies have made that happen and that's why they should be at the table in helping with recovery, and not just dumping all the responsibility on the victims on taxpayers and policyholders."
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