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The most rational economic system imaginable! 🥰
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this post was submitted on 10 Jan 2025
196 points (99.5% liked)
chapotraphouse
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No anti-nautilism posts. See: Eco-fascism Primer
Slop posts go in c/slop. Don't post low-hanging fruit here.
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Homes are the only major asset most Americans have.
Even the assumption that you have to have insurance to not be financially ruined is ridiculous.
Insurers will try any possible means to deny insurance claims.
climate change makes insurance unprofitable for the corps. The only possible (long term) provider of funding in such a case is the Federal Government.
Yeah, insurance corps will be the first one to cut losses and go, "nah you don't have insurance anymore. Good luck!"
It's more, their own immediate revenue streams, that the insurers are prioritizing. Why they are legally allowed to do this, however, is certainly a quandary though.