this post was submitted on 19 Jul 2023
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Socialism
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Still can’t provide a solid service because these days you need to have re-insurance when single Florida Hurricane or California fire will cause several billion dollars of damage.
Assuming every single Florida person paid into a mandatory Mutual insurance pool.
Given 10m house units in Florida, hurricane Ian alone did 100 billion dollars of damage. That’s 10k per house of damage. Of course that’s not all residential house damage, but only 1 hurricane. that just gives you a rough scale of how insurance just won’t work in Florida no matter what in the face of climate change.