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A comment on Hurricane Ian damages in Southeast estimated at $100B to $120B. Parent comment

Re:Hurricane Ian damages in Southeast estimated at $100B to ... by LadyCailin on Friday September 30, 2022 @01:25PM (#33037803)
Or privately funded to keep rebuilding, yeah. Why should the rest of us have to keep paying for you to rebuild your house because you picked a stupid location and/or didn’t build strong enough in the first place?
[ Parent | on HN ]
Re:Hurricane Ian damages in Southeast estimated at $100B to ... by SantalBlush on Friday September 30, 2022 @02:19PM (#33038568)
Right, this is a textbook case of moral hazard.

When a person engages in some risky activity but offloads some of the risk onto others, they'll continue doing that activity more than they otherwise would.

[ Parent | on HN ]