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Once a given geographic area has a minimum risk above a certain level, insurance there is going to become untenable, because, effectively, every single home is
by danaris 2y ago
Once a given geographic area has a minimum risk above a certain level, insurance there is going to become untenable, because, effectively, every single home is at high risk of being destroyed every year. At that point, in order to adequately supply the insurer's coffers, you need to charge premiums equivalent to...buying a new home.
Looking to insurers—and the market generally—to solve the climate crisis is a fool's errand. We need to actually fight the causes if we want real progress.
- refurb 2y agoThere are parts of Australia Outback that burn regularly and have homes there. https://www.architectureanddesign.com.au/editorial/features/bushfire-proof-house-design https://www.architectureanddesign.com.au/editorial/features/... The structures are essentially fire resistant and with appropriate local control of vegetation make it entirely possible to avoid fire loss.