this post was submitted on 13 Jan 2025
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[โ€“] Jimmycakes@lemmy.world 8 points 6 months ago (1 children)

They just need to not allow any insurance cancelations on policies paid up and only rebuild not fire resistant homes, cement, metal roofs are a most, metal shutters on all windows.

And cap insurance profits & executive compensation instead of premiums. A cap on premiums makes insurance non-viable even for a non-profit if the risk is too high, while a cap in profits lets it be valued appropriately. The cap on executive compensation is needed because without that they'd raise premiums excessively & pay themselves the extra instead of accumulating that as company profit for their stock price.