3 ms·
All the facts you state about the environment are true. But it makes zero sense IMO to make this an individual decision governed by the whims of the market and
by uoaei 3y ago
All the facts you state about the environment are true. But it makes zero sense IMO to make this an individual decision governed by the whims of the market and replicated anew across every single person. That is a purely reactive stance and, being humans, we can do better than that.
We are smart enough to be proactive about these sorts of things, and considering we already have such an apparatus called "the state" to use to our benefit, we can provide assistance to people to reinforce their homes or move when necessary (in a rote economic sense, to keep them net-positive productive, in the utilitarian sense; in a humanistically compassionate sense, to keep them dignified) instead of trying to guide systemic patterns of behavior by punishing individuals for making impossibly complex choices regarding where they chose to and already do live.
- sokoloff 3y agoIf enough insurance companies decide to stop doing business in Florida, Florida is welcome to create a state-run insurance company to serve its residents. That's literally the apparatus of the state (in both senses of the word) used to the benefit of the residents. That may just have the effect of moving the problem from "my insurance premiums are too high" to "my taxes are too high", because at the end of the day, someone has to be paid to fade the risks inherent in insuring the property against perils.
- AaronM 3y agoFlorida already has a state run insurance company for this exact reason https://www.citizensfla.com/who-we-are https://www.citizensfla.com/who-we-are
- seanharper 3y agoIn Florida Citizens is the largest homeowners insurance company and it competes vigorously with the private market. The issue with Citizens is that it does create a lot of financial risk for the state, especially since it doesn't buy as much reinsurance as a private company would.
- AlbertCory 3y ago"whims of the market" as opposed to the whims of a few unelected bureaucrats? influenced by the whims of the politicians trying to buy votes? > We are smart enough to be proactive about these sorts of things, no, "we" are not. Let's suppose you are, for the sake of argument. What reason is there to think that the sort of people who get appointed to regulatory bodies are equally smart? As opposed to just "well-connected."
- seanharper 3y agoHere is a decent summary from one of the weather modeling firms about the impact of global warming on hurricane strength -- https://s3.us-east-2.amazonaws.com/kcc-mainwebsite-dev/publications/KCC_WP_ClimateChangeHU_Wind_p20211108.pdf https://s3.us-east-2.amazonaws.com/kcc-mainwebsite-dev/publi...