<![CDATA[Grist - Comment Feed for When insurers get serious about climate change, EVERYBODY gets serious about climate change]]> Grist Comment Feed en Comment #1 by Benny Big Eye http://www.grist.org/article/insurers-starting-to-balk-in-climate-threatened-florida/ Thu, 12 Apr 2007 23:33:07 -0700 http://www.grist.org/article/insurers-starting-to-balk-in-climate-threatened-florida/1 Evan Mills

There is a fairly obscure guy at Lawrence Livermore named Evan Mills who has been doing excellent work in this area.

He has published in numerous journals on the effects of extreme weather events on the insurance industry.

http://tinyurl.com/m9ksj

Benny Big Eye

]]> Evan Mills

There is a fairly obscure guy at Lawrence Livermore named Evan Mills who has been doing excellent work in this area.

He has published in numerous journals on the effects of extreme weather events on the insurance industry.

http://tinyurl.com/m9ksj

Benny Big Eye

]]> Comment #2 by amazingdrx http://www.grist.org/article/insurers-starting-to-balk-in-climate-threatened-florida/ Thu, 12 Apr 2007 23:48:11 -0700 http://www.grist.org/article/insurers-starting-to-balk-in-climate-threatened-florida/2 Puts the cost to climate change

100s of trillions in damage and lost economic growth from catastrophic climate volatility.

Or a huge boost to our manufacturing base and tax base that will restore good jobs and rescue US from bankruptcy.

Keep on gas guzzling or get this renewable energy revolution going.  Those are the choices we face.

But listening to mass delusional media and political diversion no one would even know that.  

http://amazngdrx.blogharbor.com/blog

]]> Puts the cost to climate change

100s of trillions in damage and lost economic growth from catastrophic climate volatility.

Or a huge boost to our manufacturing base and tax base that will restore good jobs and rescue US from bankruptcy.

Keep on gas guzzling or get this renewable energy revolution going.  Those are the choices we face.

But listening to mass delusional media and political diversion no one would even know that.  

http://amazngdrx.blogharbor.com/blog

]]> Comment #3 by Sam Wells http://www.grist.org/article/insurers-starting-to-balk-in-climate-threatened-florida/ Fri, 13 Apr 2007 03:22:33 -0700 http://www.grist.org/article/insurers-starting-to-balk-in-climate-threatened-florida/3 Big Insurance Makes Big Bucks

I feel so sorry for those poor insurance companies that had to pay out all that money, get hauled into court, and settle for all those claims ... and then manage to make billions in profits for their stockholders.  Gee, my heart really goes out to them, closing off all those markets so they can further elevate their profits from simply average to outright obscene greed.  Poor babies, let's bail them out with a bazillion-dollar federal subsidy deal, those poor, poor insurance companies.  

Evidently, the run-up on insurance has very little to do with hurricanes and global warming and everything to do with corporate greed, market manipulation, and the robber-baron mentality.  /sammie  

Onward through the fog

]]> Big Insurance Makes Big Bucks

I feel so sorry for those poor insurance companies that had to pay out all that money, get hauled into court, and settle for all those claims ... and then manage to make billions in profits for their stockholders.  Gee, my heart really goes out to them, closing off all those markets so they can further elevate their profits from simply average to outright obscene greed.  Poor babies, let's bail them out with a bazillion-dollar federal subsidy deal, those poor, poor insurance companies.  

Evidently, the run-up on insurance has very little to do with hurricanes and global warming and everything to do with corporate greed, market manipulation, and the robber-baron mentality.  /sammie  

Onward through the fog

]]> Comment #4 by JMG http://www.grist.org/article/insurers-starting-to-balk-in-climate-threatened-florida/ Fri, 13 Apr 2007 17:03:43 -0700 http://www.grist.org/article/insurers-starting-to-balk-in-climate-threatened-florida/4 Not all insurance companies bloodsucking criminals

While I am second to none in my mixed anger & disappointment for insurance companies, I should note, in response to Sam's comment, that USAA has no stockholders, as it is an non-profit membership association (a kind of coop of sorts).  

USAA divides its reserves into "Subscriber Savings Accounts" that can be cashed out if you leave the Association or when your estate is settled when you die.  It builds up every year in proportion to how much you've spent on insurance.

Moreover, when the total reserves exceed the target sum, it returns dividends to every member from the SSA in proportion to their premiums.  Typically, the SSA jumps up and then they send you a check for about half of the increase.

"An optimist is someone who thinks this is the best of all possible worlds. A pessimist is someone who is afraid that the optimist is right."

]]> Not all insurance companies bloodsucking criminals

While I am second to none in my mixed anger & disappointment for insurance companies, I should note, in response to Sam's comment, that USAA has no stockholders, as it is an non-profit membership association (a kind of coop of sorts).  

USAA divides its reserves into "Subscriber Savings Accounts" that can be cashed out if you leave the Association or when your estate is settled when you die.  It builds up every year in proportion to how much you've spent on insurance.

Moreover, when the total reserves exceed the target sum, it returns dividends to every member from the SSA in proportion to their premiums.  Typically, the SSA jumps up and then they send you a check for about half of the increase.

"An optimist is someone who thinks this is the best of all possible worlds. A pessimist is someone who is afraid that the optimist is right."

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