Re:Is the World Becoming Uninsurable?
by athrowaway3z on Friday January 17, 2025 @01:39AM
(#42734742)
The dutch aren't insured against a dike breaking (Which has its own history).
But the dikes have been collectively maintained through laws and regulation from a local semi-democratic system for 800 years (separate from government). It was a necessity as 1 delinquent could screw up everything.
Re:Is the World Becoming Uninsurable?
by gruez on Friday January 17, 2025 @09:45AM
(#42738011)
The point is that the costs (to build the dikes) are fully internalized by the people who live there, rather than being cross-subsidized by people far away.
But the dikes have been collectively maintained through laws and regulation from a local semi-democratic system for 800 years (separate from government). It was a necessity as 1 delinquent could screw up everything.
https://en.wikipedia.org/wiki/Water_board_(Netherlands)