None of the current major parties (and that’s inclusive of Lib Dems) are totally commited to saying that they’ll definitely and decisively go through the motions of rejoining. At least not that I’m aware of.
None have to confidence that it’ll get them more votes than lost. Which is fucking frustrating. Especially since Labour seem to very quickly becoming much of a Tory mirror of late.
Suggestion: Not smile like idiots, not pose for pictures in front of a representation of a tangible threat to humanity that’s actively killing people. Maybe if press does show up, be informed experts as stewards of that land and tell people it’s not a fun joke and they’re at the center of a growing problem with a global impact.
You know, basic decent human stuff…
P.S. Go right on back to Reddit if you want to make snarky, hollow comments ending in lmao, tool.
“Unfortunately, Florida’s insurance market has become challenging in recent years,” the company said in a statement emailed to CBS MoneyWatch. “Last year’s catastrophic hurricane season contributed to an unprecedented rise in reinsurance rates, making it more costly for insurance companies to operate.”
This is hilarious and sould crushingly unsurprising. People actually ended up needing to use the insurance the companies were offering soooo they are just no longer offering it. Proving once again (for the millionth time) insurance companies have absolutely zero desire or feel any moral obligation to actually help people. It is 100% purely a money making operation. The millisecond they actually have to help any of their customers out, they will bend over backwards to get out of it and if they can’t, they’ll just leave entirely and not insure you. Beautiful. God I hate insurance so much.
Insurance doesn’t work very well for things like hurricanes. When big events happen that cause large percentages of their policy holders to file claims at the same time, it results in large payouts which causes increases in price. When prices go up, people don’t insure. This combined with the fact that florida gets hurricanes means prices for insurance are high.
Maybe the state could help by introducing laws to help combat insurance fraud, but that could lead to consumers getting fucked by their insurance companies.
You are being downvoted unfairly. There is greed at play, but there is math and economics as well.
The state could also help by reviewing building codes and infrastructure to make the losses due to hurricanes less severe but, with Florida republican votes not understanding the benefits of government helping address externalities for the benefit of everyone, there’s no chance the situation will improve there…
Most insurance companies strive to avoid excessive profits, honestly and aim for a combined ratio of something less than 5% profit. It’s a fairly competitive field, getting greedy results in losing policies and is very price reactive. Consumers can change pretty easily and do so regularly.
Insurance can work just fine for things like hurricanes. Insurance companies have several methods to address it. They’re all effectively variations of buying insurance policies themselves.
Re-insurance pools are a close analog. It’s basically a bunch of insurance companies from around the planet getting together and agreeing to pool risks. Big companies also use a bunch of funky financial instruments to simulate insurance.
There’s some risk of increased systemic correlation (eg climate change may increase the risk that major hurricanes hit multiple areas around the planet simultaneously). That’s largely mitigated in that we can see it coming. Climate change is pretty prominent in their models and they can adjust premiums or stop offering policies, over time.
The bigger risk is in synthetic systemic risk. It’s burned us a bunch of times already and it’s gonna do it again. Those giant global re-insurance pools are almost certainly fine, and worth the risk, if we just use them for their intended purpose. But history shows that we’ll end up creating derivatives contracts on them and those contracts will get leveraged. Those leveraged pools end up merging and turning into giant financial time bombs.
Are you actually surprised that an insurance company is not there for the good of the people, but to make money? They did keep their contractual obligations and paid out their customers, so you cannot fault them for that.
And what the insurance companies are doing is quite normal behavior. They analyze business risks and move out of fields that are not profitable. They are now telling you that they will no longer cover you so you can find another insurance to take over business. That those other insurance companies are more expensive is just founded in the fact that Florida is already a risky state, and the risks just skyrocket through global warming. And with the water temperatures rising as they do, I expect this year to have an interesting hurricane season.
People complain again that they cannot afford to move to safer places. Maybe now they can start thinking whether they can afford not to move to safer places instead.
Not saying insurance companies are good but I’ve read a lot of the problem is with insurance scams where a roofing company will tell the homeowner they can replace their roof for free with insurance, even if it’s not necessary. Then that company will sue the insurance Co if they don’t pay for it.
Insurance is for protection against a POSSIBLE eventuality. When the event moves from “this might happen” to “this will happen”, insurance is no longer appropriate. I have flood insurance because I live in an area where we don’t have floods. I do live in an area with a fuck ton of snow though. I can’t get insurance for that because I willingly accepted the risk when I bought a house in this geography.
You can’t buy a house you know will get hit by a hurricane and then expect to pay a couple bucks a month so you can get paid $500k later when the hurricane you know would come does come.
Insurance is for accidents. You want insurance to be something it is not.
They are a business and their business model shows they can’t make profit in Florida any longer. It would be morally unjustifiable to continue operating in Florida, to their employees and shareholders.
IIRC, that’s part of why they’re pulling out of Florida. DeSantis made it law that they can’t change premiums based on climate change, so they’ve decided it makes more sense for them to pull out than risk huge payouts when they can’t change premiums.
I hope that the wind shear from the el Nino holds up for the people in the US and parts of Canada. It seems like the NOAA are thinking that this el Nino might not be as much of a saving grace as usual. The current temperatures are worse than they were at the peak of any other hurricaine season, and this one is still just getting started. I’m concerned with how bad the temperatures will be at the peak.
From what I read, we haven’t really experienced this before. This year’s sea temperatures are the hottest on record. We’re already getting to the point where things will become increasingly difficult to predict.
Wait, this El Nino was supposed to be a saving grace? I’ve only heard of it meaning hotter surface temperatures. Hot summers, mild winters are what I associate with El Nino, and the opposite with La Nina.
The things I’ve read have been saying that the last few years of La Nina have made the warning trend seem more mild and now this El Nino will show how much things have actually progressed in that time.
I meant that mainly in terms of the hurricaine season. During an el Nino, the Pacific ocean begins to heat more than it normally would during a la Nina. This heat creates an undraft of sorts that pushes a lot of air towards the east. These updrafts can kind of “axe” a developing storm. They can obliterate a small hurricaine or tropical depression.
When the Atlantic ocean is hotter, the storms that come from it tend to be stronger. We have never had sea temperatures this high, so it’s a bit of a guessing game to whether or not those updrafts from the Pacific ocean will continue to “axe” storms coming in from the Atlantic. The gulf of Mexico is also pretty hot, and it lies on the other side of the jet streams that come from the Pacific updrafts.
We have to hope that a hurricaine doesn’t make it beyond that jet stream, as those water temperatures are currently perfect for a bad hurricaine.
Unfortunately, we don’t really have much data on these conditions yet, since we haven’t really seen them happen before. We will have to wait and see which of the opposing forces is stronger.
That’s pretty cool! I love it when I think I have a basic grasp on something and get smacked with more complexity. Earth is neat with all of these carefully balanced systems that just happen to keep it in habitable ranges. I’m glad humanity is doing everything it can to respect that and keep Earth going and not change things so drastically that we just blast past or through the check mechanisms!
I don’t think most of deniers deny the climate change is real, they moved the goalposts to “it’s not caused by humans” a while ago and I’m pretty sure they’re currently shifting them again to “it’s too late do anything anways”.
Has any country ever gained a real net benefit from these sorts of games, like the Olympics? I think the whole point of them is to get some organizers brilliantly rich sucking on the 3-6 billion dollar teat while the taxpayers end up getting nothing for it except traffic jams.
Yes, while not a guarrentee many countries do well out of hosting events. There’s some funding as you say, plus large boosts to the local economy if a given city is able to support the huge influx of tourists. London 2012 for example was heralded as a huge success for the UK. Beyond any sense of ‘profit’, it’s also an investment in your own country. Former Olympic cities are generally left with great sports infrastructure (and transport), and it’s good for international relations, which is hard to put a monitary value on.
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