When the inventors of insurance created that technology I think the intense changes in probabilities were not one of their design criteria. It could be a technology that is just no longer fit for purpose, even though we see insurance as an immutable must. Where I live now is uninsurable in my opinion. Insurance companies are not able to solve every risk problem. So we have some alternate solutions coming to light here. Current solutions involve: Minimum back on you feet personal savings and stay in other family members houses if yours is lost to be able to keep working. It's difficult but if you get hit here you have to take the L and start again. Kiwi living overseas,
I'm going to guess that at no point in this clip do they mention that four decades of having both major parties being on the economic right has caused people's buying power to decrease significantly because wages have stagnated while inflation, worker productivity and profits keep climbing, which just goes to prove that the rich are continuing to get richer, and the working class are getting slammed into the ground. Helen Clark was part of that problem.
If No from a council ends up at court initiated by the developed and the judge votes in favor of the developer then there's something inherently wrong with the justice system, innit....?!? Have a hmm lol
Fair calls yes but I wouldn't want my share going towards households that have up to 7 adults in a house that booze and drugs are more of a priority some people yes understanding that insurance is flat out expensive but it is their responsibility not mine
the problem is the reinsurance cost, insurance companies have basically their own insurance should there be a major event we are paying increasing costs also due to global events if a household doesn't have insurance, it's not your problem and doesn't impact your cost as there is no reason for any insurance company to pay out
A lot of us chose not to buy or build in flood zones. It's basic stuff, I remember a 100 year flood from the 90s when I was in primary school. Don't try and make the smart people subsidize fools. How about sustainable living test zones. Scrap the building code and RMA. Let us build as we choose and document diverse solutions. If it's going to get flooded away in 20 years we don't need arsenic laced timber etc.
Funny how they have been creaming it for decades now a decade of trouble now they want the same profits after payouts
Great interview and topic 🎉
You're not allowed to talk about equity in this country without the Hobson's Pledge bunch claiming they are being discriminated.
In the context of this interview, your comment makes no sense whatsoever.
@@AnnSmith-u9c It does if you live in Nz
We need a Aotearoa trust fund for Emergency insurance in disaster relief.
We had one. National and John key spent it
@@CatchingCharkraLight absolutely agree
New zealand
Live on a flood plain and you are very likely to get flooded .
Oh wow, the government's not doing much?? How unusual for the Coalition of Chaos.
The previous government had years of total power and thanks to them , we now have a country of chaos!
When the inventors of insurance created that technology I think the intense changes in probabilities were not one of their design criteria.
It could be a technology that is just no longer fit for purpose, even though we see insurance as an immutable must.
Where I live now is uninsurable in my opinion.
Insurance companies are not able to solve every risk problem. So we have some alternate solutions coming to light here.
Current solutions involve:
Minimum back on you feet personal savings and stay in other family members houses if yours is lost to be able to keep working.
It's difficult but if you get hit here you have to take the L and start again.
Kiwi living overseas,
Far to much common sense for our government and councils
Insurance is a necessary evil. Insurance companies never lose.
Same as banks. They never lose but... everything changes in life and nothing last forever. Their time will come.
simply answer be your own insurance.
I'm going to guess that at no point in this clip do they mention that four decades of having both major parties being on the economic right has caused people's buying power to decrease significantly because wages have stagnated while inflation, worker productivity and profits keep climbing, which just goes to prove that the rich are continuing to get richer, and the working class are getting slammed into the ground. Helen Clark was part of that problem.
If No from a council ends up at court initiated by the developed and the judge votes in favor of the developer then there's something inherently wrong with the justice system, innit....?!? Have a hmm lol
Also, discussion about climate change and our impact on nature is in the talks since 70s...sooooo, 'a minute to midnight' too late?
Climate scan
Just divorce your mortgage, sell your home, live out of your car and invest all your savings into Invidia stock - insurance [& rates] problem solved.
Car insurance is going up! 🤣
I love and always sorry thats a feeling 😅😅 shit Reality!! Is fake news or your own brain ?? Find a Trump
Fair calls yes but I wouldn't want my share going towards households that have up to 7 adults in a house that booze and drugs are more of a priority some people yes understanding that insurance is flat out expensive but it is their responsibility not mine
the problem is the reinsurance cost, insurance companies have basically their own insurance should there be a major event we are paying increasing costs also due to global events if a household doesn't have insurance, it's not your problem and doesn't impact your cost as there is no reason for any insurance company to pay out
A lot of us chose not to buy or build in flood zones. It's basic stuff, I remember a 100 year flood from the 90s when I was in primary school.
Don't try and make the smart people subsidize fools.
How about sustainable living test zones. Scrap the building code and RMA. Let us build as we choose and document diverse solutions. If it's going to get flooded away in 20 years we don't need arsenic laced timber etc.
What a lot of rubbish..