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Is the world becoming uninsurable?

(charleshughsmith.substack.com)
476 points spking | 1 comments | 17 Jan 25 00:32 UTC | HN request time: 0.001s | source
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tobyhinloopen ◴[17 Jan 25 07:13 UTC] No.42734903[source]▶
American, living in area prone to natural disasters: "Is the WHOLE WORLD becoming uninsurable?"

The answer is obviously "no" since there are other parts of the world that don't live on a hurricane highway nor build houses made from firewood in an area prone to wildfires.

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Over2Chars ◴[17 Jan 25 11:53 UTC] No.42736604[source]▶
I would assume that earthquake insurance in japan is a reasonable model for "world insurance".

It looks like it's a reinsurance program:

https://www.mof.go.jp/english/policy/financial_system/earthq...

So, I think the answer is "no".

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tzs ◴[17 Jan 25 13:17 UTC] No.42737204[source]▶
Japan is probably not a good comparison for home insurance because houses in Japan typically only have a 20 to 30 year lifespan. After that they are usually torn down and a new house is built.
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UniverseHacker ◴[17 Jan 25 14:16 UTC] No.42737705{3}[source]▶
Why would anyone tear down a 20 year old house? Where I live the houses are 80-100 years old and they’re better built and nicer to live in than most newer homes.
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skywhopper ◴[17 Jan 25 14:27 UTC] No.42737813{4}[source]▶
You could Google it and find out.
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1. UniverseHacker ◴[17 Jan 25 14:43 UTC] No.42737993{5}[source]▶
I could but I won’t… do you think I asked that question because I urgently need accurate data on Japanese housing? Why does anyone join forums, or discuss things with friends in real life when they could just Google things?