Counterpoint: Insurance claim costs are rising because severe weather is making flooding worse

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Counterpoint: Insurance claim costs are rising because severe weather is making flooding worse via fpcomment

 

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InsuranceBureau fpcomment there is no consistent loss data set going back to the early 2000's much less the 80's or 90's for anyone to confidently make comments on trends. RM

fpcomment What a farce. We had a near 15 year period where windstorms were at all times lows...most insureres have never even caused flood damages...also a.ton of this damage is due to poor city planning re allowing building in a flood plain etc.

fpcomment Climate change/global warming arms to be the catch all these days. Too hot today? Global warming. Tornado touched down? Climate change. What a farce

fpcomment ClimateChangeIsReal

fpcomment Why were they rising before......?

fpcomment Aren't these the companies that declare 'act of God' and refuse to pay?

fpcomment Here’s an idea, don’t insure people who live in a flood plane and never do anything to mitigate flooding around their home

fpcomment Easy. They've said they won't pay replacement costs because workers are too expensive and the government has said that's perfectly okay. What losses on premium rates?🤣

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