Home Insurance Increases

[Major]

Originally Posted by John Mercier

Insurance companies don't care what we call it, or what causes it. They use actuarial tables that get adjusted so that in the end the company stays profitable. An extreme event to them may just be based on a certain figure of dollars rather than any other measurement; or it may be the size of the claim area.

John, I think you and I agree. One of the posts said that insurance companies are increasing or canceling insurance because of extreme weather. My point is that it is all about the math, including the density of insureds where are properties exposed to things like hurricanes and floods, the values of the insured properties, and the replacement costs. Much like life insurance, it is based on probability and statistics, and the statistics show a decrease in events, but huge increases in the densities, the values and replacement costs.

[FlyingScot]

Originally Posted by Major

John, I think you and I agree. One of the posts said that insurance companies are increasing or canceling insurance because of extreme weather. My point is that it is all about the math, including the density of insureds where are properties exposed to things like hurricanes and floods, the values of the insured properties, and the replacement costs. Much like life insurance, it is based on probability and statistics, and the statistics show a decrease in events, but huge increases in the densities, the values and replacement costs.

You've stumped me again--I can never figure out if you are an actual New Hampshire human being or a Russian bot. But either way, there are about a million sources that show very clearly that extreme weather is on the rise. Within any reasonable parameters, it should not matter where you get your news on this particular issue.

For readers who believe NASA is reputable, here's one. But for folks who do not believe NASA is reputable, Google this yourself...just try to ignore stuff from Exxon Mobil, Vladimir Putin, and others with an obvious interest in sowing distrust

https://science.nasa.gov/earth/clima...nt-or-intense/

[Major]

Originally Posted by FlyingScot

You've stumped me again--I can never figure out if you are an actual New Hampshire human being or a Russian bot. But either way, there are about a million sources that show very clearly that extreme weather is on the rise. Within any reasonable parameters, it should not matter where you get your news on this particular issue.

For readers who believe NASA is reputable, here's one. But for folks who do not believe NASA is reputable, Google this yourself...just try to ignore stuff from Exxon Mobil, Vladimir Putin, and others with an obvious interest in sowing distrust

https://science.nasa.gov/earth/clima...nt-or-intense/

Sorry, but NASA isn’t the same organization that it was when we were kids. NASA has a financial incentive to buy into this climate change hoax.

Plus, you don’t have a great track record when it comes to alarmists causes. You were 100% dead wrong about the Chinese flu.


Sent from my iPhone using Tapatalk

[FlyingScot]

Originally Posted by Major

Sorry, but NASA isn’t the same organization that it was when we were kids. NASA has a financial incentive to buy into this climate change hoax.

Plus, you don’t have a great track record when it comes to alarmists causes. You were 100% dead wrong about the Chinese flu.


Sent from my iPhone using Tapatalk

More distraction from the topic...but I think everything I posted on COVID was correct, or close enough. Over a million Americans died, millions more were protected by vaccines. It was a terrible thing that could have been much worse.

But getting back to original programming on this thread--I encourage all to Google insurance rates, weather, and trends over time and expected into the future. This is a very serious economic issue for all.

[John Mercier]

Not sure what the extreme weather in this area would be... but mine seems to roughly track the increases in my property value... not quite but very close.