Comments on: Climate change alarmism again http://www.talkclimatechange.com/2007/12/31/climate-change-alarmism-again/ The Blog that Talks about Climate Change Sat, 19 Jul 2008 23:48:32 +0000 http://wordpress.org/?v=2.3.2 By: DFM http://www.talkclimatechange.com/2007/12/31/climate-change-alarmism-again/#comment-207 DFM Tue, 01 Jan 2008 21:12:52 +0000 http://www.talkclimatechange.com/2007/12/31/climate-change-alarmism-again/#comment-207 About 30-35 years ago I had a job to do at Eglin Air Force Base. When I was done I traveled the coast highway to Jacksonville, then South to Miami. Almost the entire Gulf Coast was populated by bungalows and cottages with a few Hotels thrown in. A couple of years ago, I had to go there again so I duplicated my return route. Now it's all mega hotels and million dollar homes. I wonder why insurance losses are rising? This in an area that gets slammed with hurricanes every 4 or 5 years, and people continue to build directly on the beach. But I know, it's Climate Change. About 30-35 years ago I had a job to do at Eglin Air Force Base. When I was done I traveled the coast highway to Jacksonville, then South to Miami. Almost the entire Gulf Coast was populated by bungalows and cottages with a few Hotels thrown in. A couple of years ago, I had to go there again so I duplicated my return route. Now it’s all mega hotels and million dollar homes. I wonder why insurance losses are rising? This in an area that gets slammed with hurricanes every 4 or 5 years, and people continue to build directly on the beach. But I know, it’s Climate Change.

]]> By: ClimateHeretic http://www.talkclimatechange.com/2007/12/31/climate-change-alarmism-again/#comment-199 ClimateHeretic Mon, 31 Dec 2007 14:30:02 +0000 http://www.talkclimatechange.com/2007/12/31/climate-change-alarmism-again/#comment-199 "Munich Re also warned that climate change could mean a growing number of weather-related catastrophes in coming years." I actually, IRL, work in the Insurance Sector and I can tell you one thing without any reservation. Insurance companies are always looking for some way to increase their revenues and reduce the amount of exposure they have. Climate Change for them is a windfall as it will allow the increase in premiums for property protection. Insurance companies do not make money providing coverage for property that will be affected, they make money on the properties that will not be. In fact they will not even insure high-risk property especially after a natural disaster. See ..<a href="http://money.cnn.com/2007/08/02/magazines/fortune/new_orleans_insurance.fortune/" rel="nofollow"> Fortune: New Orleans Insurance Risky Business</a> “Munich Re also warned that climate change could mean a growing number of weather-related catastrophes in coming years.”

I actually, IRL, work in the Insurance Sector and I can tell you one thing without any reservation.

Insurance companies are always looking for some way to increase their revenues and reduce the amount of exposure they have. Climate Change for them is a windfall as it will allow the increase in premiums for property protection. Insurance companies do not make money providing coverage for property that will be affected, they make money on the properties that will not be. In fact they will not even insure high-risk property especially after a natural disaster.
See .. Fortune: New Orleans Insurance Risky Business

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