Insurance, whether public or private, is inherently a form of collectivization. People pool their resources to socialize the costs of catastrophe to protect the

Insurance, whether public or private, is inherently a form of collectivization. People pool their resources to socialize the costs of catastrophe to protect the unfortunate few. If Florida was a nation, "nationalized" might be a better term. And since Florida is too big to fail, the federal government would certainly come to their rescue after the inevitable catastrophe. So this really is back-door nationalization, a sneaky way to force taxpayers in New York, New Jersey, Illinois. Virginia and California to assume the risk of Florida's policies of climate-change denial. It's a cynical game of chicken with climate change. By propping up its insurance market with artificially low rates, the state kicks the can down the road in the same way that big banks did before the 2008 collapse. The state and their propertied class profit today, delaying the inevitable reckoning with reality, and transferring the risk of their bad decisions to taxpayers. It's a bail-out. But instead of blue-state taxpayers injecting cash into Florida today, they're unwittingly and involuntarily underwriting the risk that the state of Florida and wealthy Palm Beach property owners have assumed on their behalf.