It's In huge troubles as the old models do not hold up against new realities and all incentives are aligned against acknowledging that. https://www.theguardian

It's In huge troubles as the old models do not hold up against new realities and all incentives are aligned against acknowledging that. https://www.theguardian.com/world/2022/jul/13/floods-then-and-now-photographs-germany-ahr-valley-flooding-disaster-july-2021 https://www.theguardian.com/world/2022/jul/13/floods-then-an... https://www.bbc.com/news/world-europe-65632655 https://www.bbc.com/news/world-europe-65632655 https://edition.cnn.com/2023/09/07/europe/greece-floods-storm-rescue-climate-intl/index.html https://edition.cnn.com/2023/09/07/europe/greece-floods-stor... https://www.climatechangepost.com/austria/river-floods/ https://www.climatechangepost.com/austria/river-floods/ The again, neither insurance nor building pricing wants to reflect the new reality. A whole generation has invested "safe" in buildings and companies along "virtual flash flood funels" and embracing truth is like accepting your life's saving burning away. One wonders when the first realistic model based tax write off ahead of time goes to court and pokes a hole into that reality. As in "I pay no taxes for what is most likely destroyed over the next ten years and will repay if it doesn't happen"..