[TheOtherHobbes]

Iceland has socialised National Catastrophe Insurance. The premiums are very low but if your house is lava'd or avalanched you get a reasonable payout.

Of course it's better if that doesn't happen, but if it does there's solid support for the victims.

[bitcharmer]

This would never happen in the USA. Pure communism

[roywiggins]

The American equivalent is probably the national flood insurance program.

[FireBeyond]

The annoying thing about that is that it lets people repeatedly keep building in exactly the same spot.

Not without an inconvenience, but it's almost like "every time it floods enough you get a home upgrade".

[everybodyknows]

People can afford beachfront houses often have friends in high places.

[Fatnino]

That insurance not cheap.

[justin66]

But it is subsidized by one’s fellow taxpayers.

[Fatnino]

Only sort of. People who live in flood zones are subsidizing all the other people in the flood zones much more than say a homeowner in Colorado.