I watched this a year ago, as a former banker I suggest everyone watch this. Greed not empathy has consumed our world it ends most civilizations. Meanwhile LA fires raging and over 10,000 structures are gone and nobody is insuring.
the FAIR program in California started in 1968 is a state program that issues insurance to residents that the insurance companies refuse to insure. Originally for flood victims ironically...
So basically, these guys made boat loads of money strategically dropping people off insurance coverage and gambling that less houses in a portfolio will burn down than the market expects. Ultimately all of the wealth they have built came from people paying insurance premiums. Maybe private insurance was never the way to go.
Judging by the size of the house the man selling the Cat Bonds has, I don't think thoughts about his "losses" are going to keep me up tonight. I sure hope everyone up at Bonnie Doon are doing well, though.
The super wealthy are taking property of the regular wealthy. They can build enormous buildings with thousands of apartments and confine everyone to them while growing ever richer.
Ahee and its all humans as workas done jobs just industrie and money and business for.. Its on us the humans to End All War Industrie and Within -Work stuff.. Its us worldwide what stuff i do and what NOT.
I watched this a year ago, as a former banker I suggest everyone watch this. Greed not empathy has consumed our world it ends most civilizations. Meanwhile LA fires raging and over 10,000 structures are gone and nobody is insuring.
I left FL in 2016 bc I knew what was coming. Wildfires …Hurricanes, etc. They just keep on coming. 😭
the FAIR program in California started in 1968 is a state program that issues insurance to residents that the insurance companies refuse to insure. Originally for flood victims ironically...
Rule #1: The house NEVER loses. Rule #2: See rule #1.
Great video, but one small correction - @5:22 - Superstorm Sandy happened in 2012
we live in a sick world
So basically, these guys made boat loads of money strategically dropping people off insurance coverage and gambling that less houses in a portfolio will burn down than the market expects. Ultimately all of the wealth they have built came from people paying insurance premiums. Maybe private insurance was never the way to go.
What other insurance is there..?
The videos and content on this channel are amazing
And ere is what the L.A. & California fires are about.
It would be a good exercise to use the Pacific Palisades Fire as an example.
and the Maui fires.
How dare you telling the truth 💪
Judging by the size of the house the man selling the Cat Bonds has, I don't think thoughts about his "losses" are going to keep me up tonight.
I sure hope everyone up at Bonnie Doon are doing well, though.
Damn right, don't you dare blame chevron, Exxon or any of our great oil barons. Not here in America
They caused the fires?
I never believe there is a win-win situation when catastrophe happens.
The best indicator something is broken is a red light? This company is about to be victim of a cyber attack.
Wildfires are not just during summer but all year long
DEW
No wonder people don't even know to wipe front to back anymore, filling their lives with so much nonsense.
50:19 pretty sure thats a human oven right there
This guy reminds of the Asian guy in revenge of the nerds movie
Let me guess, they destroy an area with fire so they can build more houses there? Ain’t even watched this and getting vibes already.
The super wealthy are taking property of the regular wealthy. They can build enormous buildings with thousands of apartments and confine everyone to them while growing ever richer.
timely
I’ve seen this before somewhere.
God bless and save you
Basically more derivatives. Brooksley Born should have been listened to.
God save us from the gooos
Did this make no sense. Or am I just slow ?
Uhh oh. How did this sneak through. Tell me what you know.ill tell you some stuff that relates. The cold dark underbellie
What's the use of billions of dollars without a climate?
A LOT OF IMAGINATION BUT NO HOW - THIS IS A SCAM
Power outage. Guy make millions in flashlight sales
Ahee and its all humans as workas done jobs just industrie and money and business for..
Its on us the humans to End All War Industrie and Within -Work stuff..
Its us worldwide what stuff i do and what NOT.
Planet greedy
slow and boring
Yeah high speed trains are way more fun