Bargearse on Nostr: The stories I read of those unable to get insurance and those with high insurance ...

The stories I read of those unable to get insurance and those with high insurance costs probably explain why they're making the best money for a long time in a #ClimateChange impacted world #AusPol #Insurance

I have long maintained and argued in here in the past (with much push back from the orthodoxy) Insurance in the capitalist model is a ponzi scheme. They're already underwritten by the Federal Government in northern Ausralia where flood insurance was going to be impossible to get, so we'll see as the decades roll on. They need to make more profit again :) someone has to pay for that and more building on flood plains mean it will get worse going forward.