[bale002]

As mentioned, consumer banking (e.g. mortgage lenders) has become less and less an economic force since the 1980s. Bonds and insurance are the mammoths (e.g. reinsurance).

Originally Posted by bale002

I would instead keep closer observance on insurance trends as a more meaningful measure of risk, year-to-year.

Originally Posted by beachmouse

There are a few places in the Big Bend like Cape San Blas and St. George Island where IIRC the feds will not underwrite flood insurance because they feel like those places are way too prone to coastal erosion even for them, and those properties do price lower than other coastal areas to account for much higher unsubsidized private flood insurance costs.

Citizens’ CEO: Florida Property Insurance Market is Shutting Down

Florida insurers are taking significant steps to reduce their exposure in areas where there is high litigation rates or high reinsurance costs, he said.

Citizens’ has its own share of litigation troubles as well. Gilway told regulators that 800 lawsuits were filed against the insurer in February and 78% of the claims it receives are from nonweather water losses. While assignment of benefits reforms passed two years ago have cut its AOB litigation in half, litigated claims are still a significant driver of its rate need.

Interesting to note based on excerpts from this article, the main problems with the Florida insurance market are leaky appliances and that humans use any manner of excuse to pester one another for money.

No wonder robots and colonies far away from Earth are the biggest coming thing.

[Roger Lessman]

This thread pretty much sums it up for you. Plenty of people think climate change is a hoax. Even for those who don't, the truly devastating effects are seen as a threat still decades distant.

[WRnative]

Originally Posted by Roger Lessman

This thread pretty much sums it up for you. Plenty of people think climate change is a hoax. Even for those who don't, the truly devastating effects are seen as a threat still decades distant.

Wrong. For those who respect the accomplished scientists advising Florida's regional climate change agencies, a foot or more of sea level rise within 10 years is devastating. My intent post-epidemic is to visit iconic Florida coastal areas, such as the Canaveral National Seashore, before they are greatly diminished.

Many persons, including Floridians, with whom I converse, fully expect a devastating hurricane to strike the Florida peninsula within the next five years with very serious consequences for the state's economy.

Once accelerating sea level rise becomes more obvious, or if a Hurricane Dorian or Michael, even a Sally, ravage a major metropolitan area on the Florida peninsula or elsewhere on the East Coast, remaining climate change deniers will have a much diminished audience.

[LKJ1988]

The planet has gone up and down in temps many times janet over millions of years.

[Arcenal813]

Originally Posted by LKJ1988

The planet has gone up and down in temps many times janet over millions of years.

We’re doomed.

[LKJ1988]

Originally Posted by Arcenal352

We’re doomed.

And much sooner than you think. But at least we will get cold for 4 years. Then it is back jack to rapid heating.

[Roger Lessman]

Originally Posted by WRnative

Wrong. For those who respect the accomplished scientists advising Florida's regional climate change agencies, a foot or more of sea level rise within 10 years is devastating. My intent post-epidemic is to visit iconic Florida coastal areas, such as the Canaveral National Seashore, before they are greatly diminished.

Many persons, including Floridians, with whom I converse, fully expect a devastating hurricane to strike the Florida peninsula within the next five years with very serious consequences for the state's economy.

Once accelerating sea level rise becomes more obvious, or if a Hurricane Dorian or Michael, even a Sally, ravage a major metropolitan area on the Florida peninsula or elsewhere on the East Coast, remaining climate change deniers will have a much diminished audience.

You may be right and they may be proven wrong, but right now I don't think a lot of people view the the consequences of climate change as imminent. I think that's why we see the complacency.

[Roger Lessman]

Originally Posted by LKJ1988

And much sooner than you think. But at least we will get cold for 4 years. Then it is back jack to rapid heating.

Why cold for 4 years? Because the of the Gulf Stream disruption? And why would we then resume warming? Can you explain this a little more?

[k350]

Originally Posted by WRnative

Wrong. For those who respect the accomplished scientists advising Florida's regional climate change agencies, a foot or more of sea level rise within 10 years is devastating. My intent post-epidemic is to visit iconic Florida coastal areas, such as the Canaveral National Seashore, before they are greatly diminished.

Many persons, including Floridians, with whom I converse, fully expect a devastating hurricane to strike the Florida peninsula within the next five years with very serious consequences for the state's economy.

Once accelerating sea level rise becomes more obvious, or if a Hurricane Dorian or Michael, even a Sally, ravage a major metropolitan area on the Florida peninsula or elsewhere on the East Coast, remaining climate change deniers will have a much diminished audience.

Lol, hurricanes have been coming like since forever. I lost count how many I been in.

Love your type of people, hurricane comes, climate change, one does not come, climate change. It snows, climate change, it does not snow, climate change.

You blab that a single weather event does not disprove climate change, yet blab it does when it suits you.

[WRnative]

Originally Posted by k350

Lol, hurricanes have been coming like since forever. I lost count how many I been in.

Love your type of people, hurricane comes, climate change, one does not come, climate change. It snows, climate change, it does not snow, climate change.

You blab that a single weather event does not disprove climate change, yet blab it does when it suits you.

Laughing at one's own ignorance is a common defense mechanism.

You apparently don't grasp the significance that two of the five most powerful Atlantic landfalling hurricanes have taken place in the last four years.

https://en.wikipedia.org/wiki/Hurricane_Dorian

Posters in this forum seem oblivious to Hurricane Michael, partly because it made landfall in a relatively sparsely populated and less developed region of Florida.

<< It was the first Category 5 hurricane on record to impact the Florida Panhandle, the fourth-strongest landfalling hurricane in the contiguous United States, in terms of wind speed, and the most intense hurricane on record to strike the United States in the month of October.>>

https://en.wikipedia.org/wiki/Hurricane_Michael

Hurricane rapid intensification now is the norm. Ocean heat content is expected to continue to increase rapidly as the oceans absorb 90 percent of the excess heat resulting rising levels of greenhouse gases in the atmosphere, due in no small part to the lingering influence of climate change deniers in the U.S. Rising ocean heat content means ever more powerful hurricanes capable of holding greater amounts of moisture.

Climate change deniers and agnostics (yes, climate change exists, but no need to do anything) abound in Florida, and dominate the state's politics even as though who study the empirical evidence warn of disaster for the state. Which of Florida's Republican political leaders have discussed the slowing of the Gulf Stream and its dire consequences for Floridians as Florida ocean waters warm even more rapidly???

Denial and indifference, even eventual activism and despair, will make no difference when eventually an ever more powerful hurricane strikes a heavily populated area in Florida or another state. The economic consequences will reverberate throughout Florida's economy, as warned by Spence Glendon.

Meanwhile, Floridians increasingly will remember Florida as it was, and how so much has been lost. Ditto for the nation as a whole. Visiting national parks, especially national seashores, should be an urgent priority for those seeking to garner personal memories of our nation's sacrificed great beauty.

https://www.theinvadingsea.com/2019/...is-threatened/

Remember that sea level rise is accelerating, and within just several years is anticipated to be measured in an inch or more annually. If (when) the great Antarctica glaciers more significantly begin calving or otherwise absorbed (some large Antarctica glaciers rest on land well below sea level) into the ocean as occurring with their Greenland counterparts, sea level rise will accelerate much more exponentially.

Do you also find concern over the Thwaites Glacier funny?

<<In the 1990s it was losing just over 10 billion tonnes of ice a year. Today, it's more like 80 billion tonnes. The cause of the melting is thought to be the influx of relatively warm bottom-water drawn in from the wider ocean....

At the moment, the eastern side of the ice shelf is hooked on to a large ridge, which gives it stability. But the current melting trend would suggest this situation won't last much longer, says BAS's Dr Robert Larter.

"When the Eastern Ice Shelf becomes unpinned, the ice will spread out and thin, eventually breaking up, as we can see is happening right now on the (central) glacier tongue," he told BBC News. "Even before ice shelf break-up, the unpinning and thinning will reduce the buttressing effect of the ice shelf on the glacier upstream of it, resulting in increased ice flow velocity. This in turn will further accelerate thinning of the glacier and grounding line retreat.">>

https://www.bbc.com/news/science-environment-54079587

Did you know the following information? Do you understand the significance??? Did you ever imagine hundreds of miles of thick ice sitting on a ocean floor well below sea level?

<<Western Antarctica, however, is very different. It is smaller but still huge, and is much more vulnerable to change.

Unlike the east it doesn't rest on high ground. In fact, virtually the whole bed is way below sea level. If it weren't for the ice, it would be deep ocean with a few islands....

At its deepest point, the base of the glacier is more than a mile below sea level and there is another mile of ice on top of that.

What appears to be happening is that deep warm ocean water is flowing to the coast and down to the ice front, melting the glacier.

As the glacier retreats back, yet more ice is exposed....

The front of the glacier is almost 100 miles wide (160km) and is collapsing into the sea at up to two miles (3km) a year....

Thwaites is not going to vanish overnight - the scientists say it will take decades, possibly more than a century.

But that should not make us complacent.

A metre of sea level rise may not sound much, particularly when you consider that in some places the tide can rise and fall by three or four metres every day.>>

https://www.bbc.com/news/science-environment-51097309

Still laughing???