Me to my friends and family for like the past ten years: we really gotta get out of Florida before it's too late!
Them: lol! We'll have waterfront property!
Them: you see when the property floods it'll actually be worth more because there will be less property. Supply and demand baybee!!
Them: lol! We'll have waterfront property!
And a dozen or so tropical storms every year.
Unjust depths but instead of humanity living in the deep sea due to kaiju its humanity retreating deep inland due to constant hurricanes
But if they spend all their money on publicly-funded insurance claims, how will they fund the state guard? This will leave them wide open to attacks by Cuba! Also Cuba is probably making the hurricanes with their weather gun!
Insurance companies not paying customers?
The answer is deregulation, buster.
deregulating the "revenge on corporations" industry could work, actually...
Private insurance is such a scam. They can't guarantee shit. At least private banks regardless of how greedy they can be has state backing.
Given the direness of the situation, Keenan reluctantly supports Temple’s reforms, saying a truly free market would likely show it’s too risky to live in Louisiana. “We need to listen to what the market is telling us about the future,” he says. “You just might not like what it has to say.”
It's kinda wild that a large subset of the state's population has to be financially ruined and the state's coffers drained by endless subsidies to insurance companies just to verify what science has been telling us would happen for quite a while now
In a just universe we would have massive government programs to help resettle people out of places deemed unlivable due to runaway climate change
I do actually think it’s bullshit that insurance companies are basically ever allowed to drop customers. Nah bro, you’re stuck with them.
Insurance on homes should only change with a sale. If someone buys a house and you say you’ll insure it, you’re stuck insuring them until they move. No increasing prices, no dropping customers. You can certainly say “We’re not going to insure that home, don’t buy it.” but if you say you’ll insure a home that’s the end of it.
Maybe, maybe, we can give them the option of paying out the full value of the policy to end it. Like, you can decide to act as if the home was fully destroyed and cut your losses if you really want to, and then that family can buy a new home somewhere else.
It's so surprising that creating an economic relation based on the concept of providing resiliency in the face of disasters for paying subscribers is having solvency issues because of increased disaster rates that have been predicted for decades. I recall someone writing about the tendency of the rate of profit to decline, and I think it might be especially relevant here.
That’s really not what the tendency of the profit rate to decline is about. It’s based on an observation of the changing ratio of constant capital to variable capital (labour) as a given industry matures.
Marx has written about ecology, though.
This is the "free market" signaling it's time for managed retreat. Just how libs will
explaining why the solution to climate change is not just "stop drilling for oil," actually, they will about what to do in this scenario other than the obvious course which is pay to move these people.Imagine a reactionary boomer losing their home in a climate induced storm followed by insurance declining their claim.
I would simply tell them to sell their house and move!
What? Don't like the taste of your own medicine? Next time try not being a hurtful crank...
then you can just sell it
SELL IT TO WHO, BEN? FUCKING AQUAMAN?
