Why might there be opposition to public subsidies of insurance in disaster$-$prone areas?

Redlining is reinforced by private$/$public partnerships in the insurance industry.

Climate change is inevitable, which will result in large losses for insurance companies.

Public subsidies are not ethical.

The practice is often funded from state budgets, which leaves less money for other things.

Answer rating: 100% (QA)

Opposition to public subsidies of insurance in disasterprone areas can stem from various concerns and perspectives Redlining Reinforcement Public subs... View the full answer