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Is the world becoming uninsurable?

(charleshughsmith.substack.com)
478 points spking | 3 comments | 17 Jan 25 00:32 UTC | HN request time: 0s | source
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danielmarkbruce ◴[17 Jan 25 05:32 UTC] No.42734398[source]▶
This is silly, and overcomplicating the issue. The world is very insurable, at a price. The property and casualty business is competitive as hell in almost all parts.

The government needs to just stay out of it.

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csours ◴[17 Jan 25 05:49 UTC] No.42734471[source]▶
Ok, just play the next move. Insurance is expensive. Now what happens.
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1. lionkor ◴[17 Jan 25 08:04 UTC] No.42735150[source]▶
People don't build wood houses in an area that gets wild fires
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2. jopsen ◴[17 Jan 25 14:20 UTC] No.42737742[source]▶
Probably they will, at one point maybe that banks wills stop financing it.

But only when you can't get mortgages, people will begin to stop, and even then some will continue.

It'll take a long time for these changes to trickle out. Especially, when real estate prices in LA are so high.

It might be faster to fix this with zoning. Or if the area is so desirable, find a way to engineer your way out of it.

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3. danielmarkbruce ◴[17 Jan 25 15:45 UTC] No.42738864[source]▶
We don't want fast fixes. Things change, building materials could change, fire fighting methods could improve etc. If we can send the right signal via the right price for the risk, people can react accordingly to either reduce or avoid the problem.