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0 sats \ 2 replies \ @kr OP 14h \ parent \ on: What % of Natural Disaster Repair Costs Do Insurers Pay? econ
interesting, so it's a big chain of connected parties
Yes - the many interdependent layers of the fiat debt monetary system...
In a major way insurance is crucial to the banks.
Without insurance banks will be reluctant to finance assets.
Insurers/reinsurers in turn depend on investment in assets to provide the reserve funds required to settle claims.
Climate change and resultant declining insurance viability challenges the entire fiat debt based monetary system.