Governments have to step in (THIS IS SOCIALISM) to replace the deadbeat failing insurance companies, these "paragons" of the American free scamming enterprise, that are fleeing the scene of major catastrophes and disasters. What is the point then if those you pay them for years suddenly dump you when you need them because their business model sucks big time?
As his Obama(care) ulcer keeps manging him from within, Donald Dumb is suggesting to pay US citizens money directly (instead of shoring up the failing insurance industry) so they can buy their own health insurance. But the dumb asshole thinks his MAGA morons (and the US public in general) will not notice that people will use that money to buy their health insurance from..... whom? can you guess?.... well, those same damn failing insurance companies.
The greatest president the US has seen in decades, President Barack Obama, tried to establish government-sponsored health insurance ALONGSIDE private insurance companies, in a healthy capitalist competitive setup in which US citizens have the freedom to choose.
But the MAGA-Republican political agents and lobbyists of private corporations know they would lose in that competition: Government is so much more reliable and honest than any private company whose focus is not on service but on profit. So they never want government involved, which leaves the American people in the hands of a Mafia of crooks, scammers, and corrupt greedy corporations.
In their marketing campaigns, the private Mafia crooks and scammers have convinced a foolish and hapless American people to equate being scammed by crooks and cheaters with "patriotism" and the infamous bullshit illusion of a paradisiac "American way of life". Same thing when the American people are brainwashed to believe that "consuming" - i.e. buy any and all the junk that can ever possibly be made - is an act of patriotism because it drives the economy. But your act of patriotic "consuming" profits only the crooks and the scammers, and leaves you, the American people (no longer referred to as "citizens" but as "consumers") in debt, without savings, and hording massive amounts of junk you never really need. Why not save the money you stupidly spend on useless holiday gifts to buy health insurance instead of nagging to the scammers you vote for that you can't make ends meet?
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Insurers are closing their doors to millions of customers exposed to rapidly growing catastrophes: 'A huge challenge ahead of them'
Robert Crow
Sat, November 15, 2025
A growing number of extreme weather events and natural disasters have pushed insurance markets to the brink, potentially impacting millions of homeowners across the United States.
What's happening?
Politico Pro reported on an insurance crisis that has impacted several states, most notably California.
An increased risk of wildfires and other severe weather events has caused some private insurance companies to raise their rates to levels that are unsustainable for many people, or to leave states completely. In 2023, State Farm announced it would no longer offer new homeowner's insurance policies in California because of the increased risk of fire and other disasters.
To counter this, California created a state-chartered insurance plan called the FAIR Plan, which uses policy premiums to pay out claims when needed.
The number of policies under the FAIR Plan, however, has nearly doubled, and its total liability is nearly $700 billion, which has many experts questioning if the plan will soon run out of money, forcing insurance companies and policyholders to pay out claims.
For example, January's deadly Southern California wildfires created so many insurance claims that the state assessed insurers and policyholders $1 billion.
Rob Moore, director of climate adaptation with the Natural Resources Defense Council, told Politico Pro that policymakers "have a huge challenge ahead of them. And it's a climate resilience and climate risk challenge they're facing."
Why is this concerning?
That risk has only grown because of human-caused pollution.
As we burn dirty fuels, we release massive amounts of heat-trapping pollution into the atmosphere. That pollution has caused global temperatures to increase to record-breaking levels, with the last decade seeing the 10 warmest years in recorded history.
Those temperature increases cause more frequent and severe weather events, such as hurricanes, floods, and wildfires. The connection is so strong that one expert likened increasing global temperatures to "steroids for weather."
And this increase in extreme weather has caused many insurance companies to rethink their policies in certain locations.
What's being done to fix this?
California isn't alone in this. Several other states, including Florida, Louisiana, and Texas, have also created state-run insurance plans to help stabilize markets and provide necessary relief to their residents.
Florida, in particular, could provide a glimpse into the future of insurance. Its state-chartered plan had 1.4 million policies as recently as 2023, but legislative changes have led more homeowners to obtain private insurance, and reduced the number of state-chartered policies to 570,000.
"States have to balance how much do we want risk to be reflected in prices, versus how much do we want to really take care of people as they go through this tough financial transition," University of Colorado law professor Michael Pappas told Politico Pro. "States are still figuring out how to walk that line."
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