Perhaps the most interesting part of the article:
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wow, its almost as if we should cut off the heads of insurance CEOs and nationalize them all into one low cost government plan thats paid for with pennies on the dollar in taxes.
lol, who am I kidding. Idiot Americans will always prefer paying 3000 dollars for bad coverage, rather than pay 100 in taxes for great coverage.
With climate change, there is no option for “low cost” plan, government or no.
You can’t constantly have massive losses like these fires in a single area all paying out claims and expect to pay them off with low premiums.
I haven't seen it in the comments yet but this is just the death spiral of climate change. Everything will just get worse from here on out as long as society operates the way it does. To everyone's "surprise" I'm sure.
Yeah, I really do wonder when the government and rest of the people start to seriously consider if it is worth it dropping $50 billion on places like SoCal and South Florida every few years or so. At some point you need to do the math and ask hard questions about whether it is worth it, and the answer damn well may be no.
Yeah the point flew way over that guys head
Did you pull a muscle? You know, stretching that hard to intentionally misconstrue what I said.
Seems to me that’s exactly what you said.
no, i said having a universal insurance would lower premiums significantly since there would be no corporate greed driving prices up for personal gain and everyone paying into a single pot.
But please, keep stretching. You are apparently treating this topic like a yoga class and gotta stretch stretch stretch.
Greed is bad, but its large losses in certain areas due to climate change-induced disasters that is pushing up prices far more than greed. You are the one that is stretching credulity more than a contortionist getting ready for their act.
And are you saying we should not have risk-based premiums? Sounds like you want the rest of us to subsidize living in a disaster prone area. I will gladly choose insurers that chops to drop clients in disaster prone areas so I can afford my insurance.
You had me at cutting off the heads of CEOs.
Guillotines go brrrrrrrrr
Woodchippers. Guillotines are too 18th century. Put em' in head first.
In that case my vote would be feet first. But I think they've caused enough pain to deserve a little on their way out ¯\_(ツ)_/¯
Or, you know, tackle climate change. But both are equally unlikely.
You'd think that insurance companies would be on the forefront of pushing climate change mitigation and prevention specifically because the impacts of worsening climate change will have a massive impact on their bottom line.
Maybe they can counter some of the petro company propaganda with their own marketing.
They’re in the business of making money, not fixing problems. It’s easier to just pull out of an unprofitable area than fix the Republican party’s head-in-their-ass ideas about climate change.
And when they run out of places to profitably insure?
Why would they do that rather than just not offering plans in areas where they project they will lose money?
They'll run out of places to sell insurance pretty fast if climate change isn't effectively countered.
And that's when you'll start seeing the property insurance industry suddenly really give a shit about climate change.
Their time preferences have been shortened to "this quarter" just like the rest of the economy. We would need to buy insurance plans that last decades and not renegotiate every year.
So long as we live in an economy designed to maximize GDP, this can't work.
TBH, if insurance companies started pushing for climate change policies it would probably make those policies less popular. If there's an industry less trusted than Big Oil, it's Insurance.
I'm thinking a death match between big oil and big insurance.
BUT MUH TAXESS
That is what confuses me. Nationalized Healthcare, even an extensively covered one (with dental, optical, and prescription meds included) will be much cheaper overall than the private bullshit happening now.
I never understood how privatization advocates so routinely get away with bullshit. How can anyone not see how public program failures are almost always the result of deliberate sabotage.
deliberate sabotage bought and paid for by the private industry, to increase public pressure to move more healthcare to the private sector, so CEOs can make more billions.
and i have no idea. americans are fucking stupid. "Do you want to pay an extra 100 dollars in taxes for great health coverage and no declining what you need?" "NO! I WANT TO PAY 5000 FOR COVERAGE THAT DENIES EVERYTHING, BECAUSE A POOR CEO NEEDS A NEW GOLDEN TOILET ON HIS 8TH YACHT "