Some of the largest U.S. insurance companies say extreme weather has led them to end certain coverages, exclude natural disaster protections and raise premiums
Some of the largest U.S. insurance companies say extreme weather has led them to end certain coverages, exclude natural disaster protections and raise premiums
Paying for insurance in places like Florida is going to essentially equate to throwing money straight into a fire.
The thing about insurance is that when it’s properly regulated, they’re able to pay the claims (and actually do so)
Toss out the regulation, and insurance becomes worthless.
I was thinking about this earlier this week, in a sense. Not quite insurance but throwing away money.
The federal government is going to be providing aid and assistance during and after the hurricane, and I couldn’t help but think about how the more mild, less disaster-prone parts of the country are effectively subsidizing people to continue to move to Florida, despite how unlivable it really is. As Florida grows more the rest of the country has to pay too, it doesn’t just affect Floridians