I think we've started to enter a weird space. For a number of "necessary" things in life (in the US), one needs to purchase insurance - in some cases its required by law, or an unavoidable policy of obtaining a loan. Cars and houses.
But insurers have started just refusing to insure some cars, or homes in some locations (and we're not just talking about building in a flood plane). We're going to have piles of cars and homes that no one can use because the risk profile is too high for insurers.
But insurers have started just refusing to insure some cars, or homes in some locations (and we're not just talking about building in a flood plane). We're going to have piles of cars and homes that no one can use because the risk profile is too high for insurers.