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10693 |
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Date: January 04, 2018 at 13:17:19
From: Mitra, [DNS_Address]
Subject: disasters are the ‘new normal,’ warns major reinsurer |
URL: https://thinkprogress.org/weather-disaster-record-cost-4948070d8e53/ |
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It turns out 2017 was a uniquely disastrous year in
more ways than one, evidenced by German reinsurer
Munich Re’s recently released review of the year’s
global catastrophes.
Led by massive, climate change-fueled hurricanes
Harvey, Irma, and Maria, 2017’s natural disasters will
cost insurers a record $135 billion. Adding in
uninsured losses brings the total global damages to
$330 billion, which is second only to 2011.
“We have a new normal,” Munich Re’s Ernst Rauch told
Reuters. Rauch, who runs the group tracking climate
change risks, pointed out that “2017 was not an
outlier” in having more than $100 billion in insured
losses (see chart below). “We must have on our radar
the trend of new magnitudes,” Rauch said
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Responses:
[10694] [10695] [10700] |
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10694 |
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Date: January 04, 2018 at 16:13:29
From: blindhog 6th Sense, [DNS_Address]
Subject: That's Insurance Speak For: Your Insurance Rates Will Sky Rocket(NT) |
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Responses:
[10695] [10700] |
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10695 |
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Date: January 05, 2018 at 07:40:32
From: Leslie, [DNS_Address]
Subject: Re: That's Insurance Speak For: Your Insurance Rates Will Sky... |
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You sure hit that nail on the head Hog. Rates are going up all over due to the disasters and the CA fires or the present storm system in the east half of the country are not counted in yet.
See, insurance is socialism. We all pay into the big pot and out comes the money to pay for the disasters and of course the high salaries of those at the top of the insurance companies.
The pot starts to empty and we all have to put more in to pay for the disasters and of course keep the bonus money coming in.
So expect to see high rates going forward and if we have years with no disasters, don't expect rates to come down.
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Responses:
[10700] |
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10700 |
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Date: January 09, 2018 at 14:36:40
From: Mitra, [DNS_Address]
Subject: Insurance is more like a casino than "socialism" |
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Spreading the risk, playing the numbers.
Totally capitalistic.
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Responses:
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