'Who will buy my house if they can't get insurance'
'Who will buy my house if they can't get insurance'
Extreme weather and climate change are driving up home insurance costs, forcing some into desperation.
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The government should institute a "you broke it, you bought it" policy with big oil companies, and tax the shit out of them to fund the second tier insurance that insurance companies use in order to hedge their own bets. Offer THAT insurance at a low fixed rate on the condition that insurance companies pass that stability on to consumers.
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To be fair society benefited along with the companies. We should institute a carbon tax on all transactions - not just punish the energy companies.
Insurance rates should be higher in high risk areas. This is the most straight forward way to keep people from building in high risk areas. I really don't think we should subsidize Joe shmoe's insurance on the third rebuilding of his house.
To be actually fair, these companies lied to the rest of us about the environmental damage they were doing, and have caused an untold number of deaths via the effects of climate change, with that number poised to shoot up exponentially.
The executives of those companies endangered our global ecosystem. It may even be the case that they have set us on a path to extinction.
They should all be in jail for life. Their companies should have been seized by the government and converted with all speed to renewable energy.
It's nothing short of suicidal insanity that that didn't happen the moment we discovered what they knew and hid from the world.
After all, corporations are people. Prison time.