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Is the world becoming uninsurable?

(charleshughsmith.substack.com)
478 points spking | 1 comments | | HN request time: 0s | source
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bluedevil2k ◴[] No.42733208[source]
Like we see in California, when the government sets a price ceiling, insurance companies just leave. Same in Florida. If the free market truly was allowed run normally, the insurance rates in Pacific Palisades or on the Florida coast would be so high that no one could afford to live there. Is that a bad thing? If someone was living in a house near where they tested missiles, we'd call them crazy. At what point can we say the same about people building and rebuilding over and over in these disaster areas.
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JKCalhoun ◴[] No.42733984[source]
> when the government sets a price ceiling, insurance companies just leave…

> the insurance rates in Pacific Palisades or on the Florida coast would be so high that no one could afford to live there…

Seems like the result is the same — people will live there but without insurance.

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orange_joe ◴[] No.42733995[source]
worse, you’ll be paying to bail them out in the name of solidarity.
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urhmbutwait ◴[] No.42734108[source]
That’s insurance?

Change the euphemism from government to private insurance to satisfy capitalism gods and keep their giant foot from squishing us… still “on the books” as a co-mingled pool of funds to shift around to solve problems.

Aw …sad… other people exist and need resources too. Not just about your first world skin suit playing temp host to a run of the mill electromagnetic field effect.

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1. _factor ◴[] No.42734625[source]
I’m building my next house right on an active volcano. Thank you for subsidizing my idiocy. You should see the view!