Why do you publish these? Why are they allowed to publicize these predictions? They are ridiculous, they are never even close, they cost billions in direct coverage and reinsurance costs. They are a premium machine and should be stopped…
With the recent purchase of CAT bonds in the capital markets with companies that have strong catastrophe exposure (ex. USAA and Munich Re) it seems like there is more than likely that there will be a major catastrophe this fall. If there is, hopefully, there will be a tightening of the insurance market after this loss activity and loss activity in the Gulf.
If there is no major losses, look for the soft market to keep going down and down…..
CAT bonds are a way of transferring risk to the capital markets. Did I say there will be a major catastrophe? No..it is just research puts forth shows that there is a better than average chance.
Your idea of risk management is from revolutionary times Mr. Revere….
Quoting “Snoopmeister”: “…With the recent purchase of CAT bonds in the capital markets with companies that have strong catastrophe exposure (ex. USAA and Munich Re) it seems like there is more than likely that there will be a major catastrophe this fall.”.
So, as “paulrevere” said, “Snoopmeister” indicated there is “more than likely that there will be a major catastrophe this fall” – admittedly the grammar makes the meaning not completely clear, but it seems to indicate that because someone is purchasing CAT bonds, there will be a catastrophe — even setting the fall as the time frame.
Do you really get this long a lunch break at Taco Bell?
I am going to buy a monkey, dress him up in a rain coat, put him on TV and let him make weather picks. I cant wait to see as to how much better he does than this so called weather expert Dr. Gray. He has been wrong more times than Obama with his march madness basketball picks.
You aint seen a hurricane until the divorce starts. Global warming? Ha! I’m going to drive some slimy stuff up Al’s beeeeehind up to his greasy hair do when I’m done with him
This information is essentially useless. Current forecasting is satisfactory and provides sufficient warning to hunker down or evacuate. These kinds of prognostications don’t diminish the intensity of the storms oridentify where they’ll make landfall. Fact is, we’ll get as many as Ma Nature wants to send. There’s always a chance we’ll catch a major storm. Nobody will be doing anything different in thisk “what if” scenario. I can’t believe someone pays this pinhead for this.
My predictions-Chance of a tropical storm or hurricane forming in the summer in the tropics-100%. Chance the experts miss their guess by =/-1, 90%. And the award for the prediction of the perfectly obvious made by these Oracles of Delphi-that people in Haitti living out in the open under plastic tarps with no functioning goverment and only the UN to rely upon are in deep trouble. And, my last prediction-Pres Obama will be stunned by the loss of life and devastation wreaked by the storm season. He will immediately call for a commission to see how we can alter the global climate to avoid a reoccurence and call for a Hollywood fund raiser to assist these poor souls.
Why do you publish these? Why are they allowed to publicize these predictions? They are ridiculous, they are never even close, they cost billions in direct coverage and reinsurance costs. They are a premium machine and should be stopped…
With the recent purchase of CAT bonds in the capital markets with companies that have strong catastrophe exposure (ex. USAA and Munich Re) it seems like there is more than likely that there will be a major catastrophe this fall. If there is, hopefully, there will be a tightening of the insurance market after this loss activity and loss activity in the Gulf.
If there is no major losses, look for the soft market to keep going down and down…..
“…it seems like there is more than likely that there will be a major catastrophe this fall” – because CAT bonds have been sold?
Wow. A grammatical catastrophe, possibly…
I see you don’t disagree with the thesis stated.
CAT bonds have been sold to the capital market as a way to transfer risk.
You don’t know what you’re talking about Gork…Oh I’m sorry dork.
Let me get this straight. “Because Munich Re: and USAA are in the Cat bond market, ergo, there will be a major catastrophe.”
That is absolute utter nonsense.
Is this from the Al Gore school of meteorology?
Well there you have it – I must be wearing orthopedic shoes because I stand corrected.
How many catastrophes are you expecting this year? More than the last few years when no bonds must have been sold?
CAT bonds are a way of transferring risk to the capital markets. Did I say there will be a major catastrophe? No..it is just research puts forth shows that there is a better than average chance.
Your idea of risk management is from revolutionary times Mr. Revere….
Quoting “Snoopmeister”: “…With the recent purchase of CAT bonds in the capital markets with companies that have strong catastrophe exposure (ex. USAA and Munich Re) it seems like there is more than likely that there will be a major catastrophe this fall.”.
So, as “paulrevere” said, “Snoopmeister” indicated there is “more than likely that there will be a major catastrophe this fall” – admittedly the grammar makes the meaning not completely clear, but it seems to indicate that because someone is purchasing CAT bonds, there will be a catastrophe — even setting the fall as the time frame.
Do you really get this long a lunch break at Taco Bell?
I am going to buy a monkey, dress him up in a rain coat, put him on TV and let him make weather picks. I cant wait to see as to how much better he does than this so called weather expert Dr. Gray. He has been wrong more times than Obama with his march madness basketball picks.
You aint seen a hurricane until the divorce starts. Global warming? Ha! I’m going to drive some slimy stuff up Al’s beeeeehind up to his greasy hair do when I’m done with him
This information is essentially useless. Current forecasting is satisfactory and provides sufficient warning to hunker down or evacuate. These kinds of prognostications don’t diminish the intensity of the storms oridentify where they’ll make landfall. Fact is, we’ll get as many as Ma Nature wants to send. There’s always a chance we’ll catch a major storm. Nobody will be doing anything different in thisk “what if” scenario. I can’t believe someone pays this pinhead for this.
My predictions-Chance of a tropical storm or hurricane forming in the summer in the tropics-100%. Chance the experts miss their guess by =/-1, 90%. And the award for the prediction of the perfectly obvious made by these Oracles of Delphi-that people in Haitti living out in the open under plastic tarps with no functioning goverment and only the UN to rely upon are in deep trouble. And, my last prediction-Pres Obama will be stunned by the loss of life and devastation wreaked by the storm season. He will immediately call for a commission to see how we can alter the global climate to avoid a reoccurence and call for a Hollywood fund raiser to assist these poor souls.
Tom…..loved your post. Very creative….and tru.
LMAO @ Tom’s post. Love the part about Osamba’s commission on changing the climate. Good way to start a friday