Hohsia [he/him]@hexbear.net to chapotraphouse@hexbear.netEnglish · 2 days agoThe most rational economic system imaginable! 🥰hexbear.netimagemessage-square47fedilinkarrow-up1197arrow-down11
arrow-up1196arrow-down1imageThe most rational economic system imaginable! 🥰hexbear.netHohsia [he/him]@hexbear.net to chapotraphouse@hexbear.netEnglish · 2 days agomessage-square47fedilink
minus-squareFuckyWucky [none/use name]@hexbear.netlinkfedilinkEnglisharrow-up30·edit-21 day agoHomes 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.
minus-squarecomrade_pibb [comrade/them]@hexbear.netlinkfedilinkEnglisharrow-up25·1 day agoYeah, insurance corps will be the first one to cut losses and go, “nah you don’t have insurance anymore. Good luck!”
minus-squareGrouchyGrouse [he/him]@hexbear.netlinkfedilinkEnglisharrow-up6·1 day ago homes, a physical thing that is needed stocks, a theoretical thing that isn’t needed
minus-squareMurple_27@lemmy.mllinkfedilinkEnglisharrow-up2·1 day agoIt’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.
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.