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re: Bill Gates: Miami's beaches will be all gone because of climate change
Posted on 2/20/21 at 8:30 pm to BamaCoaster
Posted on 2/20/21 at 8:30 pm to BamaCoaster
quote:
I am yet to come across a single article detailing the perils of coastal property insurance.
And where would that come from, if it were true, any agency in particular? And couldn't it be argued that the insurance industry has a financial stake in not accepting positions like Gates? (I'm playing devil's advocate)
This post was edited on 2/20/21 at 8:33 pm
1
Posted on 2/20/21 at 11:17 pm to tiggerthetooth
quote:
And where would that come from, if it were true, any agency in particular?
There are several world-wide insurance periodicals.
quote:
And couldn't it be argued that the insurance industry has a financial stake in not accepting positions like Gates? (I'm playing devil's advocate)
No. It’s literally the opposite. Insurance corporations would lose BILLIONS if global climate change were to flood coastal properties. Underwriters and actuaries are paid a lot of money to figure this out. And, not one of them have.
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