Anthropogenic Global Warming ... how hot is it ?

[Shiftless2]

And this only refers to insured losses.

Cat 5 Florida hurricanes could drive $300bn plus insurance market loss: Swiss Re​

Under certain scenarios, a category 5 hurricane ploughing into Miami or Tampa Bay has the potential to drive more than US $300 billion of losses across the global insurance and reinsurance market, Swiss Re’s Institute said today, while also explaining the importance of reinsurance and ILS capital in protecting the state.

In addition, the research found that a repeat of the 1926 Great Miami Hurricane event, a category 4 storm, has the potential to drive over US $200 billion of industry losses to the re/insurance sector today.

These scenarios illustrate “how population growth and the accumulation of assets in exposed areas are driving higher insured natural catastrophe losses globally,” Swiss Re explained.

Balz Grollimund, Head Catastrophe Perils at Swiss Re, commented, “The Atlantic hurricane season has been relatively quiet so far this year, but it only takes .....

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[Rigby5]

And this only refers to insured losses.

Cat 5 Florida hurricanes could drive $300bn plus insurance market loss: Swiss Re​

Under certain scenarios, a category 5 hurricane ploughing into Miami or Tampa Bay has the potential to drive more than US $300 billion of losses across the global insurance and reinsurance market, Swiss Re’s Institute said today, while also explaining the importance of reinsurance and ILS capital in protecting the state.

In addition, the research found that a repeat of the 1926 Great Miami Hurricane event, a category 4 storm, has the potential to drive over US $200 billion of industry losses to the re/insurance sector today.

These scenarios illustrate “how population growth and the accumulation of assets in exposed areas are driving higher insured natural catastrophe losses globally,” Swiss Re explained.

Balz Grollimund, Head Catastrophe Perils at Swiss Re, commented, “The Atlantic hurricane season has been relatively quiet so far this year, but it only takes .....

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Which is why I never liked private insurance.
The whole point of society is to collectively rely on each other instead of a private profit motivated monopoly.
Insurance not only is wasteful due to profits, but also makes you prepay.
The way it should be done is by sharing the cost of natural disasters after the fact.

The private insurance companies tend to be worthless.
Like after there were a lot of claims from a rural forest fire, the insurance companies dropped everyone who lived in the country in the entire state.
So all those decades of paying in was essentially stolen.
Only after they dropped me did I then realize that if there was a forest fire there that destroyed the house, I would not even want to rebuild there anyway.
So rural fire insurance I had been paying for decades was useless.