Even if that were the case, there is a big chance of a government bailout if too many of them get hit.
We had terrible floods a few years ago and most of the insurance agencies pulled their hands off. Eventually the government agreed to split the cost 50/50. God forbid they had to pay what was defined by their contract.
I’d prefer that climate change happens abruptly rather than gradually so that we take as many insurers down with us as possible.
Even if that were the case, there is a big chance of a government bailout if too many of them get hit.
We had terrible floods a few years ago and most of the insurance agencies pulled their hands off. Eventually the government agreed to split the cost 50/50. God forbid they had to pay what was defined by their contract.