Insurance industry: Canada’s economy battered by climate change catastrophes in 2013

[Locutus]

Yes, of course. Why would you find that odd? Are your friends all monotonic talkers who sound like robots? 135% of the states annual GDP is a pretty large amount, certainly worthy of a little inflection in your voice. :lol:

You sound like one of them valley girls who end every sentence in the interrogative?! :lol:

 

[Tonington]

You sound like one of them valley girls who end every sentence in the interrogative?! :lol:

:lol: You can get that through the interwebs ehh? What are you putting in your morning joe? But, yes Locutus, some people emphasize some words more than others when they talk. Welcome to human language 101.

 

[Locutus]

:lol: You can get that through the interwebs ehh? What are you putting in your morning joe?

 

[captain morgan]

Hahahaha...look, they even put an exclamation mark after the last sentence. Can you imagine someone talking like that?

Annnnway...once you remove (which of course you must) the word "change", the paragraph reads as quite sensical (fuk u word checker). It's as Captain Obvious as saying those in flood plains stand a good chance of being flooded-out. Have a nice day. :lol:


Climate factors such as extreme weather, sea level rise, coastal erosion, floods and wildfires are projected to cause some $300 million to $3.9 billion in California real estate losses annually.

Yeah, so what. Live there on the cliffs if you choose to but don't come crying to us. ;-)

Funny how that works with the insurance gurus... Live on a flood plain and risk being (wait for it)... Flooded.

Say, I wonder if that works the same for living in areas that have a long and rich history of being battered by hurricanes or typhoons?

 

[mentalfloss]

Funny how that works with the insurance gurus... Live on a flood plain and risk being (wait for it)... Flooded.

And insurance companies need to determine the extent of that risk because it will affect their bottom line if they don't adequately forecast. Since climate change can increase the risk of flooding, they need to be prepared to pay out claims or drop the coverage entirely.

Either if which could have pretty shyte consequences if they raise premiums too high or people have to move out because there is no coverage.

Not good for consumers, businesses... or capitalists.

 

[Locutus]

And insurance companies need to determine the extent of that risk

aka find a suitable (justifiable) reason for (over) charging you what they can (and do).

They no more swallow this climate 'change' horsesh!t any more than you do, although you like to argue the point. :lol:

 

[mentalfloss]

aka find a suitable (justifiable) reason for (over) charging you what they can (and do).

They no more swallow this climate 'change' horsesh!t any more than you do, although you like to argue the point. :lol:

If you can find a direct increase in premiums due to climate change, we might actually have a thread here.

 

[taxslave]

Floods and winter storms are a result of 'climate change'? :lol:

Wow, the more you know I guess.

Extreme.

I would say floods and the severe storms are the result of climate change all right. The next ice age is closer than the deniers think.

If you can find a direct increase in premiums due to climate change, we might actually have a thread here.

T here is a direct link. The. Insurance companies had to pay out some money in claims instead of dividends because of the oncomming ice age. And as everyone knows insurance companies are in the business of making money for their shareholders, not paying out claims.

 

[petros]

If you can find a direct increase in premiums due to climate change, we might actually have a thread here.

Global warming pushes up building insurance costs | Money | The Guardian

Householders face higher building insurance premiums after a sharp increase in property damage blamed on climate change. A rise in insurance claims has been caused by flash floods and storms in areas of Britain previously immune to severe weather events

 

[captain morgan]

And insurance companies need to determine the extent of that risk because it will affect their bottom line if they don't adequately forecast. Since climate change can increase the risk of flooding, they need to be prepared to pay out claims or drop the coverage entirely.

Either if which could have pretty shyte consequences if they raise premiums too high or people have to move out because there is no coverage.

Not good for consumers, businesses... or capitalists.

The functional word in the phrase 'Flood Plain' is FLOOD.

Further, most policies (that are affordable/reasonable) will not cover overland flooding... What this means is that if water gets into your home above ground level (ie leaks in through the doors or above ground windows) is not covered by your standard insurance.

The message here is that in flood prone areas (read: flood plains), the insurers won't be paying out one thin dime for those damages.

You starting to get the picture yet?

 

[petros]

The functional word in the phrase 'Flood Plain' is FLOOD.

Further, most policies (that are affordable/reasonable) will not cover overland flooding... What this means is that if water gets into your home above ground level (ie leaks in through the doors or above ground windows) is not covered by your standard insurance.

The message here is that in flood prone areas (read: flood plains), the insurers won't be paying out one thin dime for those damages.

You starting to get the picture yet?

They don't cover all fires either depending on where you build.