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I imagine there is some sort of insurance industry grading scheme? Wonder if tax-funded bailouts could somehow be indexed to that. If your land is uninsurable it should also be unbailoutable
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We continue to subsidize irremediably brittle places: "should we really be rebuilding every single town that is scorched by a wildfire, particularly if it means we’ll be putting people in mortal danger again?" Great job @Erika_D_Smith/@anitachabria latimes.com/california/sto
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The opposite is the current trend in governance: gaming the insurability of brittle places
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Fascinating story of FL trying to prop up its brittle property insurance market with state-subsided insurers rated by a less-known agency. Now there's worry of "a meltdown of the state’s housing market, a pillar of Florida’s $1.2 trillion economy." miamiherald.com/news/business/
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At the very least we should implement the currently mooted proposals for parametric risk insurance through the national flood insurance program