Insurance Companies Clueless About Climate

In 1957, Hartford Insurance predicted a permanent drought for southwest Texas.

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The prediction of long-continuing drought in south and southwest Texas / Don G. Friedman. – Version details – Trove

At the time the prediction was made, Texas was experiencing a seven year long extreme drought – the worst in Texas history.

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Immediately after Don Friedman made his ingenious forecast of permanent drought,  the drought broke and Texas became very wet.

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Texas, Palmer Modified Drought Index (PMDI), April-March 1896-2012

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Insurance companies make pessimistic climate forecasts because it gives them an excuse to raise their premiums and make more money. They have a blatant conflict of interest, as does the government – who want to raise taxes.

About Tony Heller

Just having fun
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7 Responses to Insurance Companies Clueless About Climate

  1. gator69 says:

    More like a confluence of interests…

  2. daveburton says:

    Exactly right. That’s why Rahmnstorf is in bed with Munich Re, too.

  3. miked1947 says:

    How was this one related to Kathrine?

  4. Billy Liar says:

    Just goes to show that as soon as anyone makes a prediction about the weather, it’s bound to change.

  5. Andy DC says:

    Insurance companies now replace all the siding if one piece of siding is damaged. They also replace the roof if a couple shingles are missing. If both, they total the house. So no wonder it’s a billion dollar disaster every time the wind gusts over 40 mph.

  6. Laurence Crossen says:

    Then are they not funding AGW?

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