Insurance giant warns of rising costs due to climate change

[alton]

Hi,
A report by German insurance company Munich Re says 2009 was a year of relatively few natural disasters. But it warns that climate change remains a threat in 2010 and beyond, impacting on insurance costs.

[Mike Davis]

This is why the insurance industry is funding the climate alarmists. It provides a better return if more people are worried about possible losses. Remember that Catlin was a primary sponsor for the Arctic Ice Capades which featured Penn Hadlow and his dancing troop.

[spidermantuba]

This is why the insurance industry is funding the climate alarmists. It provides a better return if more people are worried about possible losses. Remember that Catlin was a primary sponsor for the Arctic Ice Capades which featured Penn Hadlow and his dancing troop.

So now the ins companies are in on the massive worldwide conspiracy?



Do you think the health insurance companies conspired with the evil scientists who said tobacco causes lung cancer to jack up rates for smokers?

[Climate Realist]

you really don't know that much about the failed AGW theory do you SMT?? I suggest you read "watts up with that" and the articles on this site for the unbiased truth about natural climate change. Also, look up climategate.

Never mind about any supposed "conspiracy" theories you have SMT, the fact is insurance companies will use any excuse they can think of to try and bump up premiums and make more profit.

[Mike Davis]

Businesses go into business to make a profit and any advantage that allows them to make a larger profit is business. Whether this is an ethical business practice is for others to think about. If this is collusion or conspiracy is for others to think about. I do not do business with those who promote fear! If by promoting something as stupid as the Catlin Survey last Summer provided an excuse to promote AGW and also higher insurance rates then this company would do that. They are also promoting an expedition this year into the area near Greenland. If they keep trying they might get lucky and be at the right place at the right time to claim a weather event is caused by climate change so we should all give them more money.

Gee! I have news for the insurance companies: "Climate changes, Weather Chances, and it is a Natural phenomena. There are these little issues that seem to be overlooked such as AO, NAO, AMO,Circumpolar Jet. These minor regional weather patterns that cycle anywhere from 40 to 80 years are the driver of ice gain or loss in the Arctic along with weather patterns in Europe and else where. Now if we throw in patterns in the North Pacific, South Pacific, Indian Ocean, Antarctic Ocean, along with other weather patterns we might begin to realize how little we understand weather and climate.
Did the drug companies promote Swine Flu as a way to make more money? Did the doctors? Why are alcohol beverages not banned or demonized? They cause more deaths and disease than Tobacco. What will happen to the largest car company in the world when people realize that company only cared about making money and have covered up defects that "Killed" people. Was what Toyota did a conspiracy? Did the e-mails provide evidence of a conspiracy, collusion, cover up, or just bad scientific practices? The same can be asked about the IPCC work groups. This should also be asked about all the so called Climate "Specialists".

[spidermantuba]

you really don't know that much about the failed AGW theory do you SMT?? I suggest you read "watts up with that" and the articles on this site for the unbiased truth about natural climate change. Also, look up climategate.

Never mind about any supposed "conspiracy" theories you have SMT, the fact is insurance companies will use any excuse they can think of to try and bump up premiums and make more profit.

Yeah no thanks, I don't have time to peruse some ex-TV weatherman's blog. Its nice he has a hobby.

Look up climategate? Huh! Are you serious?




Insurance companies don't make money by incorrectly assessing risk.

[Climate Realist]

Well, if youdon't want to read the truth on sites such as Watts then you won't find out what is really going on in the world of climate change.

It seems SMT that you are very uninformed about the global warming scare. Just relying on newspaper headlines, government propaganda and "wot I saw on the telly". Remember the words of Rage Against The Machine"- "ain't nothing proper about your propaganda".

And. yes, insurance companies do make a lot of money from innacurately assesing risk, by exaggerating the risk they can needlessly charge much higher premiums.

[spidermantuba]

Well, if youdon't want to read the truth on sites such as Watts then you won't find out what is really going on in the world of climate change.

Sorry, but you won't find scientific truth on blogs. You'll find it here: http://scholar.google.com/schhp?hl=en&as_sdt=8000001

It seems SMT that you are very uninformed about the global warming scare.

I am well informed about the Climategate Nontroversey, yes.

And. yes, insurance companies do make a lot of money from innacurately assesing risk, by exaggerating the risk they can needlessly charge much higher premiums.

Sorry but the numbers don't reflect this. The average profit margin in the homeowner's insurance industry, for instance, is only 3.8%.
http://www.joepaduda.com/archives/000025.html
If insurance companies made it a practice to raise rates higher than risk dictated, don't you think they'd make more than 3.8% profit?

[Mike Davis]

SMT:
Is Joe Romm writing your jokes for you?
The so called GATES that have been revealed from UEA and IPCC along with other research groups have only provided additional evidence of what some have been saying for years. Until the entire scientific research community quits condoning bad research tactics the entire scientific community will be tarnished. The reputation is now lost and other groups will continue to be discredited. Until these groups start doing science properly and produce as much "Good" research as they provided questionable "Garbage" They will not be respected. We are witnessing the death throws of modern day science.
BTW: Your Myopia is showing "Bigtime"