[gizmo686]

Insurance with perfect info would be an amazing social good. If they could say "you can build a house there, but it will burn down in a forest fire 15 years from now", we could make an informed decision on if we want to build that house.

[kwhitefoot]

That's not insurance then. The whole point of insurance is shared risk in circumstances where perfect information is not available but a reasonable calculation of risk for the cohort is.

[sdenton4]

And yet, people build and rebuild in flood plains...

[brogrammernot]

Yeah but that’s compounded by access to the information & who do you trust.

Also human nature is to look at the odds and not believe you’re going to be that 1 in 125,000 :)

[sdenton4]

Lindsay: Well, did it work for those people?

Tobias: No, it never does. I mean, these people somehow delude themselves into thinking it might, but ... But it might work for us.