8 ms·
Either these problems are fixable, and the institutions involved have simply decided not to fix them for some other reason, or they are not. The latter case wou
by cempaka 1y ago
Either these problems are fixable, and the institutions involved have simply decided not to fix them for some other reason, or they are not. The latter case would imply some kind of grossly ruinous effects from climate change, which those same institutions seem to be expressing no particular urgency to address.
- toomuchtodo 1y agoYou cannot address climate change as an insurer. You can either price the risk or withdraw from offering policies where the risk exceeds the economics. Insurance is for tail risk events, not chronic payouts.
- sc68cal 1y agoThere's no profit to be made so they're expecting the government to assume the risk, like flood insurance (NFIP)