re: #141 Obdicut

Right. Because the market can’t bear the cost of some insurance markets, the Feds have to subsidize or support it.

Doesn’t that work against what you’ve been saying, rather than for it?

Hi Obdicut! It’s really not so much the fact that the market can’t bear the cost. In Thanos’ example, he notes that federal agencies (e.g. FEMA) continue to fund the cost of rebuilding in a flood plain situation - often multiple times - whereas a private insurer would be more likely to either a) begin charging significantly higher premiums for flood insurance or b) simply say “hey dude, try building on higher ground next time.”

;-)