tag:blogger.com,1999:blog-32931256.post9196788404742234757..comments2024-03-22T05:20:44.167-07:00Comments on The Disaffected Lib: What? In the Globe & Mail?The Mound of Soundhttp://www.blogger.com/profile/09023839743772372922noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-32931256.post-79621283264819674032016-04-11T16:09:30.981-07:002016-04-11T16:09:30.981-07:00It's been interesting to follow how the giant ...<br />It's been interesting to follow how the giant re-insurers such as Munich Re are coming to view climate change. They are looking at a number of worsening risks for which they and primary insurers may before long be unwilling to write policies.<br /><br />After Hurricane Sandy who wants to cover the Jersey shore? It's been a worse situation in southern Florida where new claims for storm damage were submitted before the previous storm's damage had even been repaired.<br /><br />The American Congress introduced flood insurance for the mainly flood-prone south but eventually thought it should be self-financing. When that reality sank in it cause a massive drop in property values and the furor drove Congress to drop the break even idea. In other words those socialism-hatin' rednecks can still get their generously taxpayer subsidized flood insurance on the cheap.<br /><br />When losses become routine they're no longer legitimately insurable.The Mound of Soundhttps://www.blogger.com/profile/09023839743772372922noreply@blogger.comtag:blogger.com,1999:blog-32931256.post-59396183286093476422016-04-11T14:05:44.100-07:002016-04-11T14:05:44.100-07:00lol, thinking about how one might have a 'nati...lol, thinking about how one might have a 'national flood program' when national can as easily be pronounced continental. How about this for a program? Provinces are responsible for their own Provinces. People that build on a flood plain, lose their building when it floods. Insurance companies pay out their policy holders when the insured risk happens. Funny how Insurers are so very eager that somebody else needs to fund disasters.Matthew Dayhttps://www.blogger.com/profile/00595380522150008022noreply@blogger.com