• theherk@lemmy.world
    link
    fedilink
    arrow-up
    17
    arrow-down
    1
    ·
    6 months ago

    One of the many things that suck about these situations is that the money comes from the community, so they get the worst outcomes on both sides no matter what.

    • reddit_sux@lemmy.world
      link
      fedilink
      arrow-up
      8
      arrow-down
      1
      ·
      6 months ago

      It comes from the insurance companies pocket to whom the community has been paying premium for a long time. It has been paid for such an eventuality. Maybe the premium might go up a bit but the whole amount doesnt come from communities pocket.

      • ryathal@sh.itjust.works
        link
        fedilink
        arrow-up
        3
        ·
        6 months ago

        Communities will pay well over 2 million in increasing premiums assuming they can even get insurance after this.

      • theherk@lemmy.world
        link
        fedilink
        arrow-up
        1
        ·
        6 months ago

        Well that’s true in many cases, and may well be in this case. In some though, the city is self insured, in which case it comes from a fund set aside by the city. In others, if not covered by insurance, it can come from the coffers directly. So directly or indirectly - immediately or paid over time, it still comes from the community.