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re: Bill Gates: Miami's beaches will be all gone because of climate change
Posted on 2/20/21 at 11:17 pm to tiggerthetooth
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.
Posted on 2/21/21 at 7:48 am to BamaCoaster
quote:
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.
Seas are rising globally around an inch or so every decade. Regardless of the reasons, it’s happening. I don’t believe the crazy high predictions in the next 20 years, but to expect 2 inches or so again would be a reasonable place to start.
Seas rise mostly due to higher average temps expanding the ocean. It’s got very little to do with melting ice.
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