320. How the World Became Uninsurable

This Machine Kills

We go in for another edition of Crisis Watch: Insurance Death Drive and talk about how insurers are flailing and floundering, grabbing onto anything they can while trying to keep their head above water as they drown, and pulling all of us down with them. Insures across health, car, and home coverage are holding the public hostage as they hike premiums by shocking (and illegal) percentages, as they cancel policies at a rapid clip, and as they simply exit entire markets. We get deeper into not only what is happening, but why this crisis is suddenly popping off now. Spoiler: the public is bearing the brunt of stupid, short-sighted decisions made by insurance companies and their risk models. ••• ‘Humanity’s remaining timeline? It looks more like five years than 50’: meet the neo-luddites warning of an AI apocalypse https://www.theguardian.com/technology/2024/feb/17/humanitys-remaining-timeline-it-looks-more-like-five-years-than-50-meet-the-neo-luddites-warning-of-an-ai-apocalypse ••• Health insurers accused of charging more for top-level hospital cover than price cap set by federal government https://www.abc.net.au/news/2024-02-15/health-insurance-hospital-cover-premiums-surge-despite-price-cap/103464202 ••• Auto-insurance costs rear their ugly head yet again https://www.ft.com/content/cf42ae85-492d-465c-94f7-343bffa95b40 ••• The uninsurable world: what climate change is costing homeowners https://www.ft.com/content/ed3a1bb9-e329-4e18-89de-9db90eaadc0b Subscribe to hear more analysis and commentary in our premium episodes every week! https://www.patreon.com/thismachinekills Hosted by Jathan Sadowski (www.twitter.com/jathansadowski) and Edward Ongweso Jr. (www.twitter.com/bigblackjacobin). Production / Music by Jereme Brown (www.twitter.com/braunestahl)