It's not Farmers fault that we released too much CO2 and now wildfires and hurricanes are way worse and getting even more worse.
If the people of California and Florida want insurance so they can build matchbox houses in high risk disaster zones, then they can start a public insurance fund and pay for it with their own taxes.
https://en.wikipedia.org/wiki/National_Flood_Insurance_Progr...
From my understanding, this subsidy to people living in flood prone areas was basically untouchable due to Florida’s status as a swing state. I wonder if that has or will change due to Florida no longer being a swing state.
Florida may turn into a swing state again. There's a lot of demographic changes occurring there.
(though, as glaciers melt, you apparently get some seismic activity due to the reduced weight on the crust)
These are operating margins, not profit margin, but page 7 should still give an idea for which businesses have more pricing power than others. And of course, bigger companies getting bigger means businesses might simply be gaining negotiating power overall.
All of those charts could [and should] have the same Y axis scaling, including being anchored at 0% at the origin, and the information would be much more easily consumed at a glance.
No one looking out for me means I’d better screw everyone else over first and “get mine”.
Now, risk-free investments (such as a 30-year US Treasury) are yielding 3x what they yielded just 3 years ago. That dramatically changes the calculus when considering whether to invest in a risk-free or a risk-on asset.
To me, it would be weird if companies acted the same way in such a different environment rather than weird that they act differently.
This has always been the case in Florida. Insurance simply costs more to compensate for risk. Flood insurance is separate in the US (and very costly).
California might have more to do with the regulatory and legal environment.
> now wildfires and hurricanes are way worse and getting even more worse.
What happened to the climate/weather distinction? So, every hot day and hurricane is evidence if the earth warming? Every cold day and blizzard is a temporary local weather event, not indicative of the long term trend?
Bad weather == that's climate change
Good weather == that's just weather