silence7@slrpnk.net to News@lemmy.worldEnglish · 6 days agoInsurers Are Deserting Homeowners as Climate Shocks Worsen | Without insurance, it’s impossible to get a mortgage; without a mortgage, most Americans can’t buy a home.www.nytimes.comexternal-linkmessage-square27fedilinkarrow-up1113arrow-down12file-text
arrow-up1111arrow-down1external-linkInsurers Are Deserting Homeowners as Climate Shocks Worsen | Without insurance, it’s impossible to get a mortgage; without a mortgage, most Americans can’t buy a home.www.nytimes.comsilence7@slrpnk.net to News@lemmy.worldEnglish · 6 days agomessage-square27fedilinkfile-text
minus-squaresilence7@slrpnk.netOPlinkfedilinkarrow-up3·edit-26 days agoExactly. Insurance handles low-probability high-impact uncorrelated disasters really nicely, and is worth paying for to protect against those. Correlated disasters require public policy and shared infrastructure to lower their risk and the extent to which people are exposed to them.
Exactly. Insurance handles low-probability high-impact uncorrelated disasters really nicely, and is worth paying for to protect against those.
Correlated disasters require public policy and shared infrastructure to lower their risk and the extent to which people are exposed to them.