Just Politics

[BullNBear52]

After 9/11 the brokers and re-insurers lobbied Congress to have terrorist activity backstopped by the Feds and they came up with TRIA.

https://home.treasury.gov/policy-issues/financial-markets-financial-institutions-and-fiscal-service/federal-insurance-office/terrorism-risk-insurance-program#:~:text=The%20Terrorism%20Risk%20Insurance%20Act,a%20certified%20act%20of%20terrorism.

As the storms get worse due to climate change Congress will have to come up with the equivalent of TRIA. As it is now homeowners insurance and commercial insurance is un-affordable in FL and everyone thought Asheville NC was a climate friendly place to live.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175171874

Now whether they do that or not is a different story.