Re: Climate Change Goes Firmly in the "Loss" Column for Insurers

From	Sergio <invalid@invalid.com>
Newsgroups	sci.physics
Subject	Re: Climate Change Goes Firmly in the "Loss" Column for Insurers
Date	2018-03-27 20:20 -0500
Organization	Aioe.org NNTP Server
Message-ID	<p9eql3$jmj$1@gioia.aioe.org> (permalink)
References	<p9db5k$1pks$1@gioia.aioe.org> <p9dl1j$bp3$1@gioia.aioe.org> <e00e84d6-cdbb-400d-91f1-c4fc961ce166@googlegroups.com> <p9e2bk$19j8$1@gioia.aioe.org> <55042995-34fa-4c6f-aca4-5c44ec4ce382@googlegroups.com>

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On 3/27/2018 5:28 PM, Edward Prochak wrote:
> On Tuesday, March 27, 2018 at 2:26:02 PM UTC-4, Sergio wrote:
>> On 3/27/2018 12:22 PM, Edward Prochak wrote:
>>> On Tuesday, March 27, 2018 at 10:38:50 AM UTC-4, Sergio wrote:
>>>> On 3/27/2018 6:50 AM, kensi wrote:
>>>>> Climate Change Goes Firmly in the "Loss" Column for Insurers:
>>>>>
>>>>> https://www.scientificamerican.com/article/climate-change-goes-firmly-in-the-loss-column-for-insurers/
>>>>>
>>>>>
>>>>
>>>> article is from ClimateWire, not SA, written by new grad in journalism,
>>>
>>> Maybe
>>>
>>>> and is intentionally confusing "WEATHER" with "ClimateChange".
>>>
>>> Well the article is basically summarizing a Moody's report
>>> "Insurance companies face greater dangers from climate change, including weather-related catastrophes and court fights, than they do silver linings, according to a report released today by Moody’s Investors Service, the ratings agency."
>>>>
>>>> Poor scientific american, infested with non scientific degreed contract
>>>> journalists for the last 20 years.
>>>
>>> For this topic, the issues are economic. the author is a journalist.
>>> So are you saying journalists must be degreed in the field of reporting?
>>
>> in Scientific American, before about 1995 required almost all the
>> articles were written by PHds in the field, and it showed, you were
>> reading the best and most advanced. That is gone now.
>>
>>> So to report on crime, they must have a criminal justice degree?
>>> Or to report on shipping, have a degree in navigation?
>>
>> A journalist usally reports on a field he knows little about, and it
>> shows, this guy has weather confused with climate change.
> 
> I'd have to read the article again, but I am pretty sure he used
> climate change because the report he is summarizing used climate change.
>  
>>
>>>
>>> My conclusion is:
>>> Looks like the MBAs are catching onto the dangers associated
>>> with possible climate change.
>>>
>>> Ed
>>>
>>
>> there is a field of science in insurance that relates risks to
>> preimiums, Actuaries,
>>
>> sample of Lloyds of London  (the experts)
>>
>> https://www.lloyds.com/news-and-risk-insight/risk-reports/library
>>
>> they determine statistical frequency of events, and/or poisson
>> distributions, etc using real data (very interesting stuff actually)
>>
>> if actuary gets it wrong, there goes your pension plan, business go
>> bankrupt, etc...
> 
> But actuarial tables are based on large collections of
> statical data, much like parts of physics.
>>
>>
>> but none of this is hardly related to Climate Change, which is a long
>> term effect of 0.1 C per decades. It is a very long term average.
> 
> Actuaries look at long term effects. They take no political stand.
> It's all about the numbers, profit and loss. The report says
> essentially: you ignore climate change, you better be prepared
> for heavy financial loses.

well, climate change is very very slow, totally ignorable over the
lifetime of most all companies.

alarmists like to speed up the scale of change by a factor of 1000 or more

take sea rise, it occurs slowly, so there is lots of time for the
infrastructure to move or improve.  take New york city, if the sea rises
20 foot, gotta do something, but it may take 200 or more years for that
to happen, and the Gov will do it, by zoning, and those too close to the
water will have very high cost insurance.  I think it will just be a
natural process, as most commertial buildings only last 30-50 years anyway.

and actuaries can adjust the intensity and frequency of storms, if it
happens that way, which will make insurance rates rise.  like houston
galveston area, and its storms, and flordia, teh zoning changes and
insurance guides rebuilding away from the water, but one cannot say
climate change did it, as climate change is only 0.1 C per decades,

>>
>> Love to see Lloyds put out a study on climate change, its effects would
>> be down in the noise.
> 
> It would be interesting.
> 
>>
>> Bitcoin has a far worse impact, due to energy usage alone. cost is about
>> $1,200 in electricity per bitcoin (depends on cost of electricity)
> 
> bitcoin is down but apparently it is still worth the cost
> to mine it for some folks.
> 
> Ed
>

Thread

Climate Change Goes Firmly in the "Loss" Column for Insurers kensi <kkensington01@gmail.nospam.invalid> - 2018-03-27 07:50 -0400
  Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Wally W. <ww84wa@aim.com> - 2018-03-27 08:15 -0400
    Re: Climate Change Goes Firmly in the "Loss" Column for Insurers benj <benj@nobody.net> - 2018-03-27 18:32 -0400
      Re: Climate Change Goes Firmly in the "Loss" Column for Insurers snipeco.2@gmail.com (Sn!pe) - 2018-03-27 23:40 +0100
        Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Nadegda <nad318b404@gmail.invalid> - 2018-03-27 23:28 +0000
          Re: Climate Change Goes Firmly in the "Loss" Column for Insurers benj <benj@nobody.net> - 2018-03-27 20:07 -0400
            Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Skeeter <skeet@invalid.invalid> - 2018-03-27 18:17 -0600
              Re: Climate Change Goes Firmly in the "Loss" Column for Insurers benj <benj@nobody.net> - 2018-03-27 21:43 -0400
                Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Skeeter <skeet@invalid.invalid> - 2018-03-27 20:15 -0600
                Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Nadegda <nad318b404@gmail.invalid> - 2018-03-28 04:47 +0000
                Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Skeeter <skeet@invalid.invalid> - 2018-03-28 00:19 -0600
                Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Nadegda <nad318b404@gmail.invalid> - 2018-03-28 07:53 +0000
                Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Skeeter <skeet@invalid.invalid> - 2018-03-28 05:41 -0600
            Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Nadegda <nad318b404@gmail.invalid> - 2018-03-28 04:46 +0000
              Re: Climate Change Goes Firmly in the "Loss" Column for Insurers benj <benj@nobody.net> - 2018-03-28 07:23 -0400
              Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Sergio <invalid@invalid.com> - 2018-03-28 09:55 -0500
                Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Skeeter <skeet@invalid.invalid> - 2018-03-28 09:22 -0600
                Re: Climate Change Goes Firmly in the "Loss" Column for Insurers kensi <kkensington01@gmail.nospam.invalid> - 2018-03-28 12:52 -0400
                Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Sergio <invalid@invalid.com> - 2018-03-28 12:57 -0500
                Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Nadegda <nad318b404@gmail.invalid> - 2018-03-29 06:19 +0000
                Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Sergio <invalid@invalid.com> - 2018-03-29 08:36 -0500
                Last 30 days, there were about 36 "people" (nyms) worth reading here. Jeff-Relf.Me  @. - 2018-03-29 09:18 -0700
                Re: Last 30 days, there were about 36 "people" (nyms) worth reading here. Sergio <invalid@invalid.com> - 2018-03-29 11:33 -0500
                Just use the server, with no UserName/PassWord specified. Jeff-Relf.Me  @. - 2018-03-29 10:03 -0700
                Re: Just use the server, with no UserName/PassWord specified. benj <benj@nobody.net> - 2018-03-29 14:21 -0400
                Thunderbird is wonderful -if- you know how to configure it. Jeff-Relf.Me  @. - 2018-03-29 12:46 -0700
                Re: Thunderbird is wonderful -if- you know how to configure it. "reber G=emc^2" <herbertglazier0@gmail.com> - 2018-03-29 14:33 -0700
                Re: Last 30 days, there were about 36 "people" (nyms) worth reading here. benj <benj@nobody.net> - 2018-03-29 14:06 -0400
                Re: Seeing your stuff doesn't mean I care about it. benj <benj@nobody.net> - 2018-03-29 17:57 -0400
                Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Skeeter <skeet@invalid.invalid> - 2018-03-29 07:37 -0600
                Re: Climate Change Goes Firmly in the "Loss" Column for Insurers kensi <kkensington01@gmail.nospam.invalid> - 2018-03-29 10:04 -0400
                Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Skeeter <skeet@invalid.invalid> - 2018-03-29 08:11 -0600
                Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Sergio <invalid@invalid.com> - 2018-03-29 11:17 -0500
            Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Trevor Wilson <trevor@SPAMBLOCKrageaudio.com.au> - 2018-03-30 09:04 +1100
              Re: Climate Change Goes Firmly in the "Loss" Column for Insurers benj <benj@nobody.net> - 2018-03-29 19:30 -0400
                Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Trevor Wilson <trevor@SPAMBLOCKrageaudio.com.au> - 2018-03-30 16:51 +1100
  Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Skeeter <skeet@invalid.invalid> - 2018-03-27 07:07 -0600
    Re: Climate Change Goes Firmly in the "Loss" Column for Insurers benj <benj@nobody.net> - 2018-03-27 18:36 -0400
      Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Skeeter <skeet@invalid.invalid> - 2018-03-27 16:40 -0600
        Re: Climate Change Goes Firmly in the "Loss" Column for Insurers benj <benj@nobody.net> - 2018-03-27 19:39 -0400
          Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Skeeter <skeet@invalid.invalid> - 2018-03-27 17:46 -0600
            Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Sergio <invalid@invalid.com> - 2018-03-28 10:53 -0500
              Re: Climate Change Goes Firmly in the "Loss" Column for Insurers % <persent@gmail.com> - 2018-03-28 09:00 -0700
                Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Skeeter <skeet@invalid.invalid> - 2018-03-28 11:38 -0600
                Re: Climate Change Goes Firmly in the "Loss" Column for Insurers % <persent@gmail.com> - 2018-03-28 10:41 -0700
                Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Skeeter <skeet@invalid.invalid> - 2018-03-28 11:58 -0600
              Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Skeeter <skeet@invalid.invalid> - 2018-03-28 11:38 -0600
        Re: Climate Change Goes Firmly in the "Loss" Column for Insurers % <persent@gmail.com> - 2018-03-27 16:41 -0700
          Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Skeeter <skeet@invalid.invalid> - 2018-03-27 17:47 -0600
            Re: Climate Change Goes Firmly in the "Loss" Column for Insurers % <persent@gmail.com> - 2018-03-27 17:00 -0700
              Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Skeeter <skeet@invalid.invalid> - 2018-03-27 18:07 -0600
                Re: Climate Change Goes Firmly in the "Loss" Column for Insurers % <persent@gmail.com> - 2018-03-27 17:26 -0700
                Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Skeeter <skeet@invalid.invalid> - 2018-03-27 18:40 -0600
                Re: Climate Change Goes Firmly in the "Loss" Column for Insurers % <persent@gmail.com> - 2018-03-27 17:45 -0700
          Re: Climate Change Goes Firmly in the "Loss" Column for Insurers mixed nuts <melopsitticus@undulatus.budgie> - 2018-03-27 22:12 -0400
  Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Sergio <invalid@invalid.com> - 2018-03-27 09:38 -0500
    Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Edward Prochak <edprochak@gmail.com> - 2018-03-27 10:22 -0700
      Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Sergio <invalid@invalid.com> - 2018-03-27 13:25 -0500
        Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Edward Prochak <edprochak@gmail.com> - 2018-03-27 15:28 -0700
          Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Sergio <invalid@invalid.com> - 2018-03-27 20:20 -0500
          Suppose everyone believed transgender blacks were an insurance risk. Jeff-Relf.Me  @. - 2018-03-28 08:07 -0700
            Re: Suppose everyone believed transgender blacks were an insurance risk. % <persent@gmail.com> - 2018-03-28 08:10 -0700
              Re: Suppose everyone believed transgender blacks were an insurance risk. Skeeter <skeet@invalid.invalid> - 2018-03-28 09:20 -0600
                Re: Suppose everyone believed transgender blacks were an insurance risk. kensi <kkensington01@gmail.nospam.invalid> - 2018-03-28 12:55 -0400
                Re: Suppose everyone believed transgender blacks were an insurance risk. % <persent@gmail.com> - 2018-03-28 10:00 -0700
            Re: Suppose everyone believed transgender blacks were an insurance risk. Edward Prochak <edprochak@gmail.com> - 2018-03-29 10:08 -0700
              Re: Less Freedom. benj <benj@nobody.net> - 2018-03-29 14:23 -0400
                Re: Less Freedom. Sergio <invalid@invalid.com> - 2018-03-29 15:28 -0500
  Re: Climate Change Goes Firmly in the "Loss" Column for Insurers benj <benj@nobody.net> - 2018-03-27 18:32 -0400
    Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Edward Prochak <edprochak@gmail.com> - 2018-03-28 06:14 -0700
      Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Sergio <invalid@invalid.com> - 2018-03-28 09:56 -0500
        Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Edward Prochak <edprochak@gmail.com> - 2018-03-29 10:06 -0700
    Re: Climate Change Goes Firmly in the "Loss" Column for Insurers Trevor Wilson <trevor@SPAMBLOCKrageaudio.com.au> - 2018-03-29 19:41 +1100

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