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goobster · 2044 days ago · link · · parent · post: “When you have two 500-year floods within two years of each other, it’s pretty clear it’s not a 500-year flood."
Insurance will eventually be the lever that breaks the back of climate denial. It's simple economics, I think: The insurer has to make more money than they dish out for claims. That's why they charge more for "high risks", like 16-year olds with a drivers license, homes built on cliffs with common seismic activity, commercial businesses that handle dangerous chemicals or explosives, etc. These homes are getting wiped out by natural disasters as fast as they can rebuild them, and restock them with new furniture, cars, and 70" TVs. Either the insurance companies raise rates to make up for these losses, or they get out of the business. It's just economics. (Yeah, FEMA funds are available, but even those are limited.)