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SVTPerformance's Chain of Restaurants
Road Side Pub
Long-range forecasts suggest 2024 hurricane season from hell
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<blockquote data-quote="Klaus" data-source="post: 17032687" data-attributes="member: 190070"><p>The shift from El Nino to La Nina has much more to do with storm frequency than climate.</p><p></p><p>Loss severity has everything to do with property value inflation and migration patterns and very little to do with climate. I roll my eyes whenever I hear insurance losses tied to climate change.</p><p></p><p>A direct hit to Palm Beach was a nothing burger in 1920 when it was all swampland. Now the median home value is $8mm and it would be a loss event 2x Katrina. This is not because of (((global warming))).</p><p></p><p>Look up fire frequency and acreage burned next time this is tied to climate change. This is 1/20th what it was 100 years ago.</p><p></p><p>The black swan insurance event will be a big quake. Japan. Seattle. San Fran. It will be a finacial disaster If one of these is leveled. The biggest loss event remains the Kobe earthquake in 1995. It was 10x Katrina.</p></blockquote><p></p>
[QUOTE="Klaus, post: 17032687, member: 190070"] The shift from El Nino to La Nina has much more to do with storm frequency than climate. Loss severity has everything to do with property value inflation and migration patterns and very little to do with climate. I roll my eyes whenever I hear insurance losses tied to climate change. A direct hit to Palm Beach was a nothing burger in 1920 when it was all swampland. Now the median home value is $8mm and it would be a loss event 2x Katrina. This is not because of (((global warming))). Look up fire frequency and acreage burned next time this is tied to climate change. This is 1/20th what it was 100 years ago. The black swan insurance event will be a big quake. Japan. Seattle. San Fran. It will be a finacial disaster If one of these is leveled. The biggest loss event remains the Kobe earthquake in 1995. It was 10x Katrina. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Long-range forecasts suggest 2024 hurricane season from hell
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