cazabon,

#Insurance is weird. #Government action makes it weirder. If you have perverse #incentives, you get perverse results.

An example.

Every spring, there are floods somewhere in North America. Maybe the Red River that flows up through North Dakota to Winnipeg and beyond. Maybe the winter snowpack is heavy and melts quickly in the Rockies, flooding out parts of B.C. Maybe torrential rains in Atlantic areas cause overland flooding throughout Quebec.

[...]

#flood #flooding #incentive

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