Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Editorials & Other Articles

bullimiami

(14,007 posts)

2. Here's another take on it. A more socialist take.

Reply to question everything (Original post)

Sat Oct 19, 2024, 05:45 PM

Oct 19

Just about everywhere has risk.

Nationalize all catastrophe insurance.
Flood, Windstorm and Wildfire.

Everyone doesn’t have to pay the same rate as some locations are obviously more often damaged.
But it would spread the pool and stabilize the market mess..

Edit history

Please sign in to view edit histories.

Recommendations

2 members have recommended this reply (displayed in chronological order):

KarenS SallyHemmings

9 replies

= new reply since forum marked as read

Highlight:

As hurricane seasons worsen, taxpayers subsidize people to live in risky areas - WaPo Editorial [View all] question everything Oct 19 OP

80 billion. Katrina cost 125 billion. jimfields33 Oct 19 #1

so far,,,, KarenS Oct 19 #3

True. But they wrote this story as if it's the worst ever. jimfields33 Oct 19 #9

Here's another take on it. A more socialist take. bullimiami Oct 19 #2

I don't think that all of us should pay for self centered homeowners who keep building in the same question everything Oct 19 #6

Where is there no risk? Are you at risk of Flood? Hurricane? Tornado? Wildfire? Landslide? Earthquake? Volcano? bullimiami Oct 19 #7

Yup, that's got to stop. If you live in a questionable area then pay the obscene insurance rates. You can afford it..nt mitch96 Oct 19 #8

FEMA helps replace lost infrastructure, but to qualify, it has to be built back to withstand what destroyed it. Example: surfered Oct 19 #4

FEMA uses our money MotownPgh Oct 19 #5

Latest Discussions»Editorials & Other Articles»As hurricane seasons wors...»Reply #2