NFIP building coverage limit is $250k. Nearly every coastal home will have private flood insurance underwritten by an entity other than the government.
Surely an actuary, especially one working for a for-profit company, would recognize the global warming/rising seas risk and choose not to offer the product...yet you can still buy a policy. Why?
"Oh, the waters destroyed your home? I'm sorry, but that was global warming and a rising sea level, not a flood. Just ask any Climate Scientist. No payout for you." -The actuaries.
And why can you still buy flood insurance on a coastal home?
NFIP building coverage limit is $250k. Nearly every coastal home will have private flood insurance underwritten by an entity other than the government.
Surely an actuary, especially one working for a for-profit company, would recognize the global warming/rising seas risk and choose not to offer the product...yet you can still buy a policy. Why?
"Oh, the waters destroyed your home? I'm sorry, but that was global warming and a rising sea level, not a flood. Just ask any Climate Scientist. No payout for you." -The actuaries.