this post was submitted on 09 Jan 2025

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Uninsurable - not just nuclear, but also unsinsurable literally

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Uninhabitable => Uninsurable

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California Fires Expose a $1 Trillion Hole in US Home Insurance (www.bloomberg.com)

submitted 1 week ago by veganpizza69 to c/uninsurable

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[–] PP_BOY_ 5 points 1 week ago

Wait you guys actually thought insurance would pay out for damages and wasn't just a way to force people to give money to private businesses?

[–] Anticorp 3 points 1 week ago

The insurance companies themselves are insured by reinsurers, which means the wealthiest of the wealthy will be footing the bill, and they very much despise parting with their money