Coastal Growth, Not Global Warming, Blamed for Rising Storm Losses

February 25, 2008

  • February 25, 2008 at 8:35 am
    Dustin says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    they will come. The hurricanes that is. Keep on building on the beach. It is a GREAT idea!

  • February 25, 2008 at 9:36 am
    wudchuck says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    they surely will come and expand. and the more you build the more expensive it will be. they wonder why insurance is so HIGH. there is big potential of a major loss. thankfully no major hurricanes hit the states over the last few years.

  • February 25, 2008 at 9:44 am
    Claims guy says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    At least if there is an upside, Since everything gets washed away you can rebuild better and stronger. Of course the downside is that Miami will now be 20 miles inland.

    At least you save money on tearing the buildings down

  • February 25, 2008 at 10:41 am
    Bill Rempel says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    It’s really funny to consider the implications of the irregular multi-decadal Atlantic hurricane cycle on coastal building patterns.

    During the later period of light years for Atlantic hurricanes, building accelerates on the coast, real estate values rise disproportionately, and there aren’t any problems for insurers in those areas — or much need for fiscal discipline from “insurers of last resort.”

    Then the storms pick up for a decade or two. Companies get railroaded into staying in states like FL, the market hardens, when statutes sundown, suddenly the companies leave, building slows, real estate values tend to slow their increase … probably just in time for the light period to start again.

    When the light period has proven itself, the big boys will want to get some of that profitable exposure again, come into the coastal markets with advertising and big appetites, and enjoy — maybe — a few years or a decade before the cycle picks up again. People, who have notoriously short memories, start once again relocating to the coastal paradises (well, compared to the cold and tax/theft-high northern states) of the southeast.

    Rinse, repeat.

    The real money is probably to be made going against the crowd, but who has the testicular fortitude to do that?

  • February 25, 2008 at 1:59 am
    InsureExec says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Give it about 3 years, Global Warming will not be talked about anymore. Of course the left will credit themselves for thinking they have done something about it, reality is humans cannot have an effect on something that is much bigger than us.

  • February 25, 2008 at 2:06 am
    DBASS says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Global warming is nothing be a crock of —-. From the liberal media and academia you can only readily hear their side of the story. There is plenty of real science that debunks their junk but very little of that is available to the masses. Where on the coastline there used to be swamps and sloughs and open spaces for the water and wind to go, it now sweeps over multi million dollar developments and displaces people and we talk about how much worse the hurricanes are and it must be global warming! Bull!

  • February 25, 2008 at 2:14 am
    Chilly says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    I hope you’re right, and that this article’s having seen the light of day on IJ is one of the nails in the coffin of this complete and utter hoax.

  • February 25, 2008 at 2:29 am
    Little Frog says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Green house gases, primarily produced by American SUVs, was causing Global Warming; right?
    But now, ooops, it looks like global cooling is on its way. Sooooo; dosen’t that mean we need to drive our big American cars, boats & planes even more to prevent the earth from becomming a popsicle? “Come-on gang; lets make it a musical!” Algore and the UN is counting on us.

  • February 25, 2008 at 2:56 am
    Chilly says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    No no no, that would further exacerbate our dependence on foreign oil, and while we can’t drill in any new fields we certainly must reduce our dependence on foreign oil by driving solar powered cars and flying only in ethanol powered jumbo jets. It’s for the children.

  • February 25, 2008 at 3:06 am
    Rosie says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    I’ve seen what is happening. It’s not pretty. And all you neocons can deny it all you want but that wont make it go away



Add a Comment

Your email address will not be published. Required fields are marked *

*