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New data shows just how bad the climate insurance crisis has become | Grist
New data shows just how bad the climate insurance crisis has become
Two congressional reports make clear that "the model of insurance as it stands right now isn't working."Tik Root (Grist)
8Petros [Signal: Petros.63] reshared this.
Bargearse
in reply to Sue Stone • • •>the model of insurance as it stands right now isn't working."
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It never could, it's a grift to take a percentage off the top until the ponzi scheme collopased under the weight of it's own actuarial failure.
The only question is in the timing. If insurance is needed, it means a whole bunch of building and zoning and failures have occurred.
8Petros [Signal: Petros.63]
in reply to Sue Stone • •In #Poland, #PIU (#PolskaIzbaUbezpieczeń - Polish Insurance Chamber) published a report in 2023, showing the impact of extremal processes on the industry results. Very interesting, as they have no political interest in softening the message.
Enlish version here
#ubezpieczenia #insurance
Tom Andraszek likes this.
8Petros [Signal: Petros.63]
in reply to 8Petros [Signal: Petros.63] • •