In other words, they are looking for an excuse to raise premiums.
Disrupting the Borg is expensive and time consuming!
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Yes, global warming always involves money.
Right you are Steve. The real headline here is “Income change fastest in S-E Asia.”
So they will be “feeling the effects of climate change faster.” And what with the higher risks and all, insurance companies have no choice. It has been determined that “climate change” causes everything.
But I am confused. This article explains that S-E Asia got its particularly bad case of planetary fever because it is “surrounded” by “Large land masses,” yet maps show that region mostly surrounded by water. Are all the maps wrong?
You have obviously forgotten that Vicky Pope has moved SE Asia to Europe where is now landlocked.
Please pay attention!!
Can you say typo?
Can you say megalomaniacal shape-shifting anthropogenic lying excrement?
There is of course the basic bond between the banks and the insurance business.
What is it what the banks want most….Carbon Trading.
What is the best way to promote Carbon Trading….?
Right, if the professional Risk Assessment Bureau, department climate change of a big insurance company continues to promote the hoax. It’s a classic example of one hand washing the other.
I really think we have made a big mistake to bail the bastards out when their house of cards collapsed. But that’s a whole different story.
but but but I thought the world was cooling??
http://www.sciencedaily.com/releases/2011/01/110121144011.htm
Guess you missed that post.
Cthulhu:
It was found that they were using the Beta version of release 45a and had not applied the patch that showed ice does not melt at temperatures below -20 so they need additional funding to by the latest version release 47k that includes all the latest extrapolations of fictitious ice cycles it actually melted 51.5674 days longer.
I hope that clears up your confusion!
In another couple of centuries it might uncover some of the Viking settlements.
we’ve already seen stuff uncovered that was buried thousands of years ago. Try again.
Why yes, it is cooling. It was warmer on earth all over the earth 1000 years ago than it is now. In fact the earth has been cooling for 6000 years.
nope wrong
Err, let’s see.
An insurance company foresees all sorts of disasters. So what does it do? Goes out and tries to sell people insurance against it.
Sounds like a quick way to bankruptcy.
On the other hand they might be lying?
Funny thing about insurance companies (much to the chagrin of politicians and the knowledge of most people). They are in the business to get the facts right, not the politics. Their job is measured in how close they can shave the margins between loss and premiums, and stay in business. So if Insurance A jacks up your premiums to WOW, but B maintains a rate of OUCH, then money flows from A to B. And A does not stay around very long.
The goose in the gotcha is lawsuits. Lawyers always queer the numbers, adding costs where none are due. We know this through Edwards Channeling of non-existent relationships between drugs and babies. Lawyers can send costs soaring for no reason other than they need to make payments on their yachts. Eventually, the cost will reach the consumer (quicker than politicians would have you think). So while the studies may be bogus, the insurance companies are not lining their pockets because of them. Instead, they are just adding legal reserves to pay the next shyster who says that breathing causes cancer.