Insurance and Climate Change column

Climate Change and the Reinsurance Implications

By | June 13, 2019

  • June 14, 2019 at 12:53 pm
    Craig Cornell says:
    Poorly-rated. Like or Dislike:
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    Hidden due to low comment rating. Click here to see.

    • June 14, 2019 at 1:50 pm
      Craig Cornell says:
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      Love the Down Votes from the ignorant. EVERY single thing I said is factually true. Every single thing.

      Disagree? Prove me wrong Down Voters. (Prediction: running and hiding instead. Or name calling like children, the usual response.)

      • June 14, 2019 at 4:53 pm
        Rosenblatt says:
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        EVERY single thing? You cited two numbers not in the article, and both were wrong. But go ahead and think EVERY single thing you said was factually true even though you were wrong about the only stats you posted.

        Craig: Current global GDP is $88 trillion
        Fact: You’re roughly $8,000,000,000 off there buddy
        https://data.worldbank.org/indicator/ny.gdp.mktp.cd

        Craig: nuclear energy “….75% of energy production in liberal Sweden…”
        Fact: Nuclear accounts for at most 40% of Sweden’s energy
        https://en.wikipedia.org/wiki/Nuclear_power_in_Sweden

      • June 14, 2019 at 4:57 pm
        cicero says:
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        how do you have time to produce?

        • June 14, 2019 at 5:50 pm
          Craig Cornell says:
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          I think and type fast. Plus, this stuff makes me laugh, a great break.

    • September 3, 2019 at 9:21 pm
      craigisadumbidiot says:
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      GDP is calculated *annually* and the estimation of $551 trillion is *cumulative*.

      I can’t believe I have to explain this but a cumulative cost of $551 trillion includes *the cost of all previous years’ investment*. Road, houses, water systems, power plants wiped out by fires, hurricanes, floods, etc – those are not going to necessarily be reflected in an annual GDP. But the value that has been created over decades would be reflected if it is lost.

      But there’s something else when we actually estimate the cost of climate change. Stuff like our roads and bridges and cars – these are easy to estimate the price of because they have a price in the market. But there are other costs that aren’t easy to calculate. If x number of people are killed in wildfires, for example, how much does a life cost? What is the cost of disruption to business from massive hurricanes? What are the secondary costs to the economy of areas that are destroyed, or areas that have to be vacated, such as coastal cities? Hell, what is the cost of how damn hot it is in the summer? These costs may not be easy to calculate but they are real. And the takeaway from all of this is that the costs are beyond what we can afford.

  • June 14, 2019 at 5:18 pm
    Craig Cornell says:
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    I just realized something . . . $551 trillion in damages mean we are all going to starve to death!

    Oh my god, do something Climate Zealots. This is horrible! (Hilarious. The number alone.)

    • June 17, 2019 at 11:19 am
      Agent says:
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      So AOC says we don’t have more than 12 years anyway. Why rebuild all the buildings in the US, kill all the cows off and ground all airplanes?

  • August 14, 2019 at 3:35 pm
    steve walton says:
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    global warming and climate change is a major issue for todays life and tomorrow future ,If we want to save our future we have to take care of our nature from heavy pollution and over population of some countries.

  • February 23, 2020 at 9:16 am
    Joseph Frato says:
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    Spare us, Craig Cornell.
    So the insurance industry which covers TRILLIONS in assorted infrastructure worldwide wouldn’t know the numbers on this?
    But a posting dipshit genius like you does?
    Gee….you’re my new go-to guy on climate change…
    Sneer…..



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