this post was submitted on 06 Oct 2024
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Semi-unrelated but insurance as a whole is bonkers right now and I’m not sure how much the average person knows. I work on commercial real estate. The whole industry is having to review tons of insurance waiver requests because insurance in some properties is out of control. Business either can’t get it for can’t afford it. Especially, in flood zones. I’m actually kind of worried about the damage these hurricanes are doing in the US. Not just in the lives lost, which is devastating, but also the financial damage of all the uninsured losses.
Sounds kind of like exactly what insurance is for? If you can't get insurance for a flood zone, then maybe there's a fucking reason for that.
I agree! And, I know government was bailing these people out for a long time, which just makes them double down. I’m not worried about those people. I’m worried about the ones that don’t want to be there and can’t afford to relocate, or for some and even worse, evacuate.