@CelloMomOnCars This being asked of someone living in Southern California, where home insurers are leaving the market because fire risk looks too large to them.
I understand how it is analogous, but are the actuarial data as comprehensive and precise for 100 year storms, etc.? And, if weather damage probability is underestimated, what happens when claims exceed assets?
(And, I’ll note that it’s not being called insurance. I would guess it’s to avoid more strict regulations and accountability.)