Hohsia [he/him] to chapotraphouse • a day agoThe most rational economic system imaginable! 🥰imagemessage-square46 fedilinkarrow-up1197
arrow-up1197imageThe most rational economic system imaginable! 🥰Hohsia [he/him] to chapotraphouse • a day agomessage-square46 Commentsfedilink
minus-squareFuckyWucky [none/use name]hexbear30·edit-2a 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. link
minus-squarecomrade_pibb [comrade/them]hexbear25·a day agoYeah, insurance corps will be the first one to cut losses and go, "nah you don't have insurance anymore. Good luck!" link
minus-squareGrouchyGrouse [he/him]hexbear6·a day ago homes, a physical thing that is needed stocks, a theoretical thing that isn't needed link
minus-squareMurple_27@lemmy.mlhexbear2·21 hours 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. linkfedilink
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.