A good rule of thumb for life is that if you’re blaming some systemically terrible thing on insurance companies - financial entities whose decisions are largely the product of ironclad actuarial math - you’re probably blaming the wrong thing or person
Reposted from
BeijingPalmer
If you want the world to take climate change seriously, acknowledging that areas are uninsurable as a result of climate change is a very basic step. You're going to see 'you must offer insurance' mandated largely by *the right* in an attempt to deny climate reality.
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Insurance *does* make sense for homes and cars.
are you even reading what the fuck you are posting, my dude?
Dudnt realise these guys were all non-profit. Thanks.
Did you use Grok to write this?
Making sure that that second number is as high as possible compared to the first without someone having to go to prison is the core business of any insurance company with shareholders.
But in health insurance, where most people are stuck with whatever their company provides, or flood insurance, where options are often more limited, it’s a different story.
They have the option to dial away the profits, and or keep the profits but post them against the deficit