Perhaps the most interesting part of the article:

  • A_Random_Idiot@lemmy.world
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    12 hours ago

    wow, its almost as if we should cut off the heads of insurance CEOs and nationalize them all into one low cost government plan thats paid for with pennies on the dollar in taxes.

    lol, who am I kidding. Idiot Americans will always prefer paying 3000 dollars for bad coverage, rather than pay 100 in taxes for great coverage.

    • derf82@lemmy.world
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      11 hours ago

      With climate change, there is no option for “low cost” plan, government or no.

      You can’t constantly have massive losses like these fires in a single area all paying out claims and expect to pay them off with low premiums.

      • Sanctus@lemmy.world
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        10 hours ago

        I haven’t seen it in the comments yet but this is just the death spiral of climate change. Everything will just get worse from here on out as long as society operates the way it does. To everyone’s “surprise” I’m sure.

      • solstice@lemmy.world
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        10 hours ago

        Yeah, I really do wonder when the government and rest of the people start to seriously consider if it is worth it dropping $50 billion on places like SoCal and South Florida every few years or so. At some point you need to do the math and ask hard questions about whether it is worth it, and the answer damn well may be no.

      • kent_eh@lemmy.ca
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        9 hours ago

        You’d think that insurance companies would be on the forefront of pushing climate change mitigation and prevention specifically because the impacts of worsening climate change will have a massive impact on their bottom line.

        Maybe they can counter some of the petro company propaganda with their own marketing.

        • TehWorld@lemmy.world
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          4 hours ago

          They’re in the business of making money, not fixing problems. It’s easier to just pull out of an unprofitable area than fix the Republican party’s head-in-their-ass ideas about climate change.