What the H is going on?
Global warming. Simple as that. The insurance industry can not make the same profits they made before and as such the industry is adjusting, and I'd speculate collapsing. And, like it or not, the first to feel the effect are those in areas most effected. And, our volcanoes, although they are not from the same source, still pose the same higher risks.
I suspect, would assume, it's going to get worse. As I said, they can't make the profits their shareholder's are used to. As such, either find a way to do without or lobby State to beef up HPIA by making it a broader organization that services all high risk areas, not just volcanically, otherwise it too will fold. After all the state ain't underwriting anything themselves.. just corralling others to do so.. and that pool has to be really large otherwise it won't be profitable, and will fade away.
Global warming. Simple as that. The insurance industry can not make the same profits they made before and as such the industry is adjusting, and I'd speculate collapsing. And, like it or not, the first to feel the effect are those in areas most effected. And, our volcanoes, although they are not from the same source, still pose the same higher risks.
I suspect, would assume, it's going to get worse. As I said, they can't make the profits their shareholder's are used to. As such, either find a way to do without or lobby State to beef up HPIA by making it a broader organization that services all high risk areas, not just volcanically, otherwise it too will fold. After all the state ain't underwriting anything themselves.. just corralling others to do so.. and that pool has to be really large otherwise it won't be profitable, and will fade away.