Comment on California Wildfires Threaten Insurers Already Teetering From Climate Shocks

MapleEngineer@lemmy.world ⁨1⁩ ⁨week⁩ ago

To be clear, had the insurance companies not taken all of the money out of their reserves as profits there would be lots of money to pay out the payments that the insured bought insurance for. This isn’t about an unsustainable industry, just unsustainable profit taking.

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