this post was submitted on 10 Aug 2025
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[–] BastingChemina@slrpnk.net 5 points 1 month ago

From what I understand, the insurance business model is to transform individual unpredictable events into very predictable statistics.

A house burning down ? As an individual it is devastating, it's a lifetime of savings that burn away. For the insurance company, it's part of the statistics.

The problem of climate change is that it brings unpredictability at the insurer scale.