9 ms·
They’ll just refuse to cover the cases when it would, easy peasy.
by nickpeterson 4y ago
They’ll just refuse to cover the cases when it would, easy peasy.
- ggm 4y agoThats kind-of what I mean: if Berkshire "invites" its RE investments to cease laying off climate change risks, or to make immense profit for the risk, then the worldwide re-insurance market is going to move, and everyone holding waterfront property is going to find premiums jump no matter what because Re-insurance spreads risk: everyone winds up paying for that spread, down at the coal face. "oh sorry, the cost of re-insurance jumped 10x, your premiums have to go up" is a hell of a signal.
- sangnoir 4y agoSee Florida property insurance.