Great article. It’s worth adding reinsurance to the conversation, as it plays a crucial role in spreading risk for natural disasters, even if it doesn’t fully cover all liabilities.
Interestingly, Governor Newsom had to override California’s notoriously strict building codes with an executive order, allowing faster build permits but only if homes are rebuilt in the same spot. Seems like we’re not learning here?
I hope Florida learns from these challenges for our response to hurricanes.
Great article. It’s worth adding reinsurance to the conversation, as it plays a crucial role in spreading risk for natural disasters, even if it doesn’t fully cover all liabilities.
Interestingly, Governor Newsom had to override California’s notoriously strict building codes with an executive order, allowing faster build permits but only if homes are rebuilt in the same spot. Seems like we’re not learning here?
I hope Florida learns from these challenges for our response to hurricanes.
I thought a lot about Florida while writing this - they have the same problem but at a larger scale.