this post was submitted on 12 Aug 2023
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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.
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.