As increasingly severe natural disasters ravage the South, insurance companies are abandoning clients, increasing premiums, and fighting regulation measures — forcing homeowners to fend for themselves in the wake of destruction.
Given the direness of the situation, Keenan reluctantly supports Temple’s reforms, saying a truly free market would likely show it’s too risky to live in Louisiana. “We need to listen to what the market is telling us about the future,” he says. “You just might not like what it has to say.”
It’s kinda wild that a large subset of the state’s population has to be financially ruined and the state’s coffers drained by endless subsidies to insurance companies just to verify what science has been telling us would happen for quite a while now
In a just universe we would have massive government programs to help resettle people out of places deemed unlivable due to runaway climate change
It’s kinda wild that a large subset of the state’s population has to be financially ruined and the state’s coffers drained by endless subsidies to insurance companies just to verify what science has been telling us would happen for quite a while now
In a just universe we would have massive government programs to help resettle people out of places deemed unlivable due to runaway climate change