Fla. insurance crisis deepens as rates soar, companies fall (Sarasota: condominiums, hotel)

[trobesmom]

Originally Posted by 912904

Oh dear God.

Just.....stop.

The insurance industry is concerned. Yes, it's a real thing and it's happening whether we believe it or not. Lots of cities are concerned as well. Can't argue with the facts.

https://legal-planet.org/2019/11/21/...r-an-overview/

"Significantly, the insurance sector, which holds much of the financial risk across the world economy, is increasingly concerned with climate-related risks, especially the ways in which risks are becoming less predictable and more uncertain over time. We are also hearing news about insurer withdrawal from certain markets and fears of rising premiums here in California relating to wildfire risk. "

https://www.law.com/dailybusinessrev...20221109154400
"The reason for this, Salna explained, is that Florida is already on the front line when it comes to hurricanes, and the effects of climate change are likely to result in “bigger, wetter, stronger and slower” storms, which are more likely to catch people off guard by rapidly intensifying."

https://www.climatechangenews.com/20...ut-of-florida/

[912904]

Originally Posted by trobesmom

The insurance industry is concerned. Yes, it's a real thing and it's happening whether we believe it or not. Lots of cities are concerned as well. Can't argue with the facts.

https://legal-planet.org/2019/11/21/...r-an-overview/

"Significantly, the insurance sector, which holds much of the financial risk across the world economy, is increasingly concerned with climate-related risks, especially the ways in which risks are becoming less predictable and more uncertain over time. We are also hearing news about insurer withdrawal from certain markets and fears of rising premiums here in California relating to wildfire risk. "

https://www.law.com/dailybusinessrev...20221109154400
"The reason for this, Salna explained, is that Florida is already on the front line when it comes to hurricanes, and the effects of climate change are likely to result in “bigger, wetter, stronger and slower” storms, which are more likely to catch people off guard by rapidly intensifying."

https://www.climatechangenews.com/20...ut-of-florida/

Never trust sources with an implicit bias or lawyers.

Everything posted remains theory and conjecture, fueled by a desire for government funding and lawsuits.

[LookinForMayberry]

Originally Posted by 912904

Oh dear God.

Just.....stop.

Okay. I get that you don't want to face facts. So, buy your waterfront property in FL, or anywhere along any coast. Be well.

[LookinForMayberry]

Originally Posted by 912904

Never trust sources with an implicit bias or lawyers.

Everything posted remains theory and conjecture, fueled by a desire for government funding and lawsuits.

I agree with your first statement, but I find your second difficult to process. Are you saying that you do not believe the climatologists predictions? I am asking because it seem as though our previous and present climate events have pretty much established their truth.

Or, are just another climate denier? If so, I will say the same as I did to Ms Lady with her head in the Sand: Be well.

[Sunshine Rules]

John Kerry spent $11.75 million in 2017 for a sprawling estate on the beach in Martha’s Vineyard. The property includes more than 18 acres of land on which his seven-bedroom home sits, overlooking the Vineyard Sound.

Bill and Melinda Gates (pre divorce) paid $43 million for a massive house on the beach in Del Mar, California, near San Diego.

The Obamas own an $11.75 million mansion in Martha's Vineyard and recently purchased another multi-million dollar oceanfront property in Hawaii.

Al Gore’s 2006 documentary, An Inconvenient Truth, warned that the sea could rise by as much as 20 feet “in the near future.” Gore then invested nearly $9 million into an ocean view property in Montecito, California, in 2009. A multi-million dollar property with a swimming pool, spa, wine cellar, and six fireplaces.

The Bidens bought a $2.74 million Delaware beachfront home in 2017.


Apparently none of the above are overly worried about climate change washing away their beachfront mansions any time soon...........

[LookinForMayberry]

Originally Posted by Sunshine Rules

....

Apparently none of the above are overly worried about climate change washing away their beachfront mansions any time soon...........

They probably are not worried about insurance rates, either.

[beach43ofus]

Big Lib Stephen King lives here in a weird looking warehouse looking mansion on the Gulf of Mexico on Casey Key where beach is erosion is scary like his books. He drives a car that is a gas guzzler to the max...oh, and he's got 2 boats, that are both not Earth friendly.

I couldn't afford his insurance premiums & gasoline on all of that.

Originally Posted by Sunshine Rules

John Kerry spent $11.75 million in 2017 for a sprawling estate on the beach in Martha’s Vineyard. The property includes more than 18 acres of land on which his seven-bedroom home sits, overlooking the Vineyard Sound.

Bill and Melinda Gates (pre divorce) paid $43 million for a massive house on the beach in Del Mar, California, near San Diego.

The Obamas own an $11.75 million mansion in Martha's Vineyard and recently purchased another multi-million dollar oceanfront property in Hawaii.

Al Gore’s 2006 documentary, An Inconvenient Truth, warned that the sea could rise by as much as 20 feet “in the near future.” Gore then invested nearly $9 million into an ocean view property in Montecito, California, in 2009. A multi-million dollar property with a swimming pool, spa, wine cellar, and six fireplaces.

The Bidens bought a $2.74 million Delaware beachfront home in 2017.


Apparently none of the above are overly worried about climate change washing away their beachfront mansions any time soon...........

[wondermint2]

Originally Posted by trobesmom

The insurance industry is concerned. Yes, it's a real thing and it's happening whether we believe it or not. Lots of cities are concerned as well. Can't argue with the facts.

https://legal-planet.org/2019/11/21/...r-an-overview/

"Significantly, the insurance sector, which holds much of the financial risk across the world economy, is increasingly concerned with climate-related risks, especially the ways in which risks are becoming less predictable and more uncertain over time. We are also hearing news about insurer withdrawal from certain markets and fears of rising premiums here in California relating to wildfire risk. "

https://www.law.com/dailybusinessrev...20221109154400
"The reason for this, Salna explained, is that Florida is already on the front line when it comes to hurricanes, and the effects of climate change are likely to result in “bigger, wetter, stronger and slower” storms, which are more likely to catch people off guard by rapidly intensifying."

https://www.climatechangenews.com/20...ut-of-florida/

Good News!

https://twitter.com/thomas_m_wilson/...11888652632064

"Net energy gain in a fusion reaction has been a holy grail in science for decades. Now I’m told US scientists have done it. A massive breakthrough with revolutionary potential for clean power. US Energy Secretary to hold a press conference Tuesday"

[motordavid]

^ Read some other sources in addition to snippets on Twitter...
Decades away even in small apps, maybe next century, or the next.

None of us here will see fusion in practical apps. None of our kids or grandkids will either, imo.

What does this have to do with insurance and insurance companies here in FL? Or, 'climate change' as the energy that was needed for that micro second of fusion was enormous, vis a vis the equipment, et al.

[wondermint2]

Originally Posted by motordavid

^ Read some other sources in addition to snippets on Twitter...
Decades away even in small apps, maybe next century, or the next.

None of us here will see fusion in practical apps. None of our kids or grandkids will either, imo.

What does this have to do with insurance and insurance companies here in FL? Or, 'climate change' as the energy that was needed for that micro second of fusion was enormous, vis a vis the equipment, et al.

I read full articles and many required a paywall - that's why I posted the Twitter link. Many full articles will be blocked by a paywall but not for everyone. The first time I clicked the link from that tweet I had access to the full article (and I read the entire article) - but then when I tried again I was blocked by a paywall. So rather than post a link where some readers will be blocked - I just posted the Twitter link.