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Is the world becoming uninsurable?

(charleshughsmith.substack.com)
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tobyhinloopen ◴[] 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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chillfox ◴[] No.42737687[source]
It’s possible that solve the hurricane problems with proper building regulations and lower the risk of huge wildfires with controlled burning. But the US as always prefers to pretend that there’s nothing to be done when other parts of the world has figured it out.

We have cyclones here similar to the hurricanes in the US and usually it just blows over some trees maybe causes a power outage. The absolute worst I have experienced was 3 days without power. I have never seen a house destroyed by a cyclone here.

As for wildfires, they do unfortunately claim a few houses most years.

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horsawlarway ◴[] No.42737851[source]
Hurricanes are mostly just flood damage in the US, and some wind/debris damage exactly like the blown over trees you mention.

Houses generally aren't destroyed by hurricanes in the sense of "the storm literally ripped them up", they're made uninhabitable by storm surges (flood).

The scary ones are tornados.

And tornados do genuinely fuck shit up. Even in those "enlightened" parts of the world you think have proper building regulations. If you're interested, go look at the recaps of tornado damage where they hit Europe here: https://en.wikipedia.org/wiki/List_of_European_tornadoes_and...

Note the number of homes destroyed and people killed - plenty of both, even in those countries that prefer brick/concrete homes.

Hurricanes throw branches. Tornados throw cars.

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1. Dylan16807 ◴[] No.42738892[source]
If you have to be inside one, pick a hurricane. But tornadoes are so much smaller. This list is like... 10-20 per year with an average of less than 1 casualty and a dozen houses damaged? That's basically zero as far as insurance and habitability go. I found a study titled "Tornadoes in Europe An Underestimated Threat" and it has an estimate of 10-50 million euros per year in total damage. That's not even 1 euro per house in Europe.