I know I know it’s the Times I did this to myself but I saw this cursed headline so now you have to as well
Guessing we’re gonna end up with some nonsense like: the private for-profit companies will continue to exist and make obscene profits by finding ways to deny claims. And, to ensure they continue to provide that “service”, the government will make up the difference (i.e. basically all) whenever the payout gets too big. So then eventually the only people who can get insured are people with property worth much more than the government limit. After all, this affects rich people!
Insurance companies when an event that is explicitly covered by even their most basic policy and that they market their policies on covering occurs:
I guess the situation on Hawaii is so bleak. : (
Heaven forbid you use a service you pay for.
Home insurance companies pulling out of California and other areas will affect people living there as natural disasters are more frequent and more devastating. The consequence of these services being private in the first place
Moved recently so my apartment is uninsured. Hopefully the big earthquakes wait for a bit
Insurance of every variety (to the extent it is actually needed and no further) should be a non-profit, high oversight, public utility. Everyone pays into the local community fund, which is used to pay out for things that happen within the community.
No outside money, and no money leaving the community other than through service payments for work done to repair.
