Environment & Energy

The underlying issue -- increased climate volatility -- can't be solved with a non-profit insurance agency for high-risk regions. Insurance companies rely on a very large pool of customers to help cover payouts. They've reached the point where that pool simply isn't deep enough to cover the costs associated with specific areas.

A pool of nothing but high-risk customers who can't get commercial insurance will need to charge exorbitant premium prices to cover its payouts. The savings from executive bonuses is miniscule compared to the debt racked up by forest fires, mud slides and floods.