Re: Insurance Costs
Posted: Mon 21 May 2018, 14:31:52
Newfie wrote:The point of the thread is to look at insurance companies and follow their decisions. If CC is a real threat then the insurance companies will likely be the one to first identify and quantify the risk.
What happened with Buffet is not very relevant.
Agreed. For one thing, Berkshire is insuring a hell of a lot more than flood and hurricane damage. Looking at the overall results without drilling down to the topic at hand is pretty meaningless.
Frankly, looking at Florida, for example, I'm increasingly surprised we don't already see howls of outrage from customers (wanting taxpayers to bail them out) due to increasing costs of insurance for coastal properties. As SLR continues and accelerates, it's only a matter of when that happens.
A quick search reminded me Bloomberg predicted that scenario about a year ago.
https://www.bloomberg.com/news/features ... homeowners