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Joined 1 year ago
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Cake day: September 12th, 2023

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  • Sounds like it won’t be long now…

    CNN - The US Senate Budget Committee is launching an investigation into whether Florida’s state-backed home and property insurance company has enough money in the bank to withstand future disasters, as scientists warn warming oceans and sea level rise are making storms more destructive.

    Citizens Property Insurance Corporation exists as a so-called insurer of last resort - if owners cannot convince a private insurance company to cover their property, Citizens will step in. It insures about 1.3 million policyholders in the state, who typically pay more money for a policy that covers less.

    But as coastlines disappear and storms get wetter and more dangerous, risk is through the roof for many of the properties Citizens insures, putting intense financial pressure on the state-backed company. During a March press conference, Florida’s Republican Gov. Ron DeSantis said, “I think most people know Citizens has not been solvent.”

    https://www.cnn.com/2023/11/30/business/florida-insurance-senate-investigation-climate/index.html




  • Neither would I - you can browse Lemmy (and mastodon I think) pretty extensively without logging in. I also think we are at the start of a long term transition towards decentralization of media generally.

    In terms of content I like Lemmy. I do see how concentrated the user base is - but I don’t see it getting smaller - if anything I see it growing slowly but surely. In addition to organic growth, there will probably be events that drive massive migration to the fediverse - like reddit’s nonsense but from different or more diverse sources - some media attention or a major celebrity plug and things could get crazy pretty fast. The platform will probably need a lot of extra TLC to scale rapidly if that happens.

    When you see the major media companies start to stand up Mastodon instances - which I also think is going to happen eventually - expansion of the fediverse seems all but inevitable. I would be interested to see what that chart looks like in 5, 10 years. There are plenty of ways for the fediverse to grow apart from more lemmy users signing up.