Investment & Indepenent events
Did taxpayers say “let’s enter the insurance business in markets that insurers predict large losses.” I don’t think so.
Let wealthy people who can pay cash go ahead and rebuild without insurance. Many will.
The same should apply to beachfront homes in hurricane-prone areas.
Definitely a conversation that needs to be had. What will get covered, and by whom?
The higher insurance rates should have been the market signal to stop building in disaster prone areas. Now either the taxpayer are going to have to foot the bill or the government will have to start regulating where you can and can't build.
Even worse, insurance companies not even offering any policies at any rate should really send a message.
Did taxpayers say “let’s enter the insurance business in markets that insurers predict large losses.” I don’t think so.
Let wealthy people who can pay cash go ahead and rebuild without insurance. Many will.
The same should apply to beachfront homes in hurricane-prone areas.
Definitely a conversation that needs to be had. What will get covered, and by whom?
The higher insurance rates should have been the market signal to stop building in disaster prone areas. Now either the taxpayer are going to have to foot the bill or the government will have to start regulating where you can and can't build.
Even worse, insurance companies not even offering any policies at any rate should really send a message.