25 Replies to “Y2Kyoto: Premium Opportunity”

  1. they will have similar stats for covid 19 , the disease and the effect of the jabs. true stats not tainted by beliefs or government bureaucracy , the only taint being some government reporting

    2. They already have that with some companies noting a 40% increase in deaths of young men between 18 and 64.

  2. To insurance companies, it’s an opportunity to jack up their rates
    To governments, it’s an opportunity to build their brand and appear diligent
    To industry, it’s an opportunity to market their fictitious concern for the customer and appear like they are doing something.
    Climate crisis won’t go away because the proof is always ten years out. Like a carrot on a stick
    It’s an incredible deception that most of our citizens can’t comprehend

    1. I always shook my head at the people that were so impressed by casualty insurers’ (and reinsurers) harping on the Narrative, as though insurers were infallible on questions of climate science. (These were many of the same people that insisted only climatologists had any business holding an opinion on climate change, and expanded or contracted their definition of “climate scientist” according to the opinion being issued.)

      Casualty insurers have a business model, and it involves taking more in in premiums than you pay out in claims. It is not necessary to look further to see a reason for insurers to foresee, publicly, an increased risk.

      1. Premiums do not remotely come close to paying out insurance claims. Ins companies invest so there is enough money to pay claims. Plethora of reasons premiums so much higher than 30/40 years ago. Fraud is a big reason.
        Ins Companies made the huge mistake (like so many other businesses) of hiring Uni grads as their frontline staff with brokerages. They used to hire former ins agents from brokerages who understood real life implications from stupid decisions made in board rooms. These Uni grads with a useless degree do NOT understand or care. They tow the company line. They are all now looking to only insure low risk (preferably no risk) people. The 15 minute city completely suits their business model. Don’t know how long this current stupidity can last.

  4. Hopeless.. Of all the dumb shit we fight over.. Weaponizing the weather has to be the dumbest.. But hey, I say up and you say down and that’s a good enough excuse to bully your opposition into silence $$$..

    Ultimately the solutions will have to jive with the imaginary problem.. You cant hide the downside forever..

    1. They’ve been perpetrating the biggest hoax in the history of peoplekind for forty years. No, it’s not forever, but long enough to dramatically reduce the quality of life of the majority of people in the Gullible West.

  6. Regardless of the subject, global warming, the Middle East, whatever, when you browse through MSM reader comments, (those that the editors allow), you’ll notice that the ‘average respondent’ is waaaay below average in comprehension.

    With all the advancements (technological, etc) how did we end up with such dumbass populations?

  7. Coming to a courthouse near you.

    Yes, my client had a blood alcohol reading of 0.21, but the cause of the tragic accident which killed a family of four, was climate change.

  8. Maybe I’m wrong but I don’t think Insurance companies want the sky-is-falling crowd to rule the world because those people are, quite frankly, insane.

  9. “not yet seen clear evidence that a warming climate is a major driver in claims costs”

    But let’s underwrite it anyway and make money like we’re stealing it.

    Why should the collectivists and statists have all the fun?

  10. I live on the 15th floor of a high-rise condo.

    Intact Insurance “bundles” overland flood insurance with coverage I actually need and absolutely refuses to “unbundle” it.

    On the plus side, if the Credit River rises by more than 300 ft., I’m covered!

  11. “The Intact Centre on Climate Adaptation (Intact Centre) is an applied research centre with a national focus within the Faculty of Environment at the University of Waterloo. The Intact Centre works with homeowners, communities, governments and businesses to identify, and reduce, the impacts of extreme weather and climate change.”

    How many of you think that this is simply a benevolent effort by nature loving Intact to better the lot of mankind that has nothing to do with justifying higher insurance costs? Right!

    These people do a brilliant job of spoon feeding climate propaganda to innumerate and lazy climate “reporters.” The press is more than eager to print the alarmist crap.

  12. The first thing you have to understand about insurance, re-insurance, and specialty insurance companies is that they do NOT make most of their money from premiums. Most of their revenue is a result of investments. Investment in other companies are, indeed, being effected by Climate Change in the fact that government policies are lowering the earnings of those companies in which an insurance company would invest. As a result, they are “forced” in increase premiums to accommodate the lower investment earnings. It’s a necessity in that they are obligated to keep a certain level of reserves at hand to address pending and future claims against their policies.

    So, when politicians tank major companies (or major companies tank themselves with the woke nonsense)…this indirectly effects insurance companies. It’s just another reason why these “green new deal” type legislations are an absolute cancer on every part of the economy.

  13. Sure glad they’re not price-fixing or anything rotten like that behind those closed doors.

  15. The IPCC working group report has a table with 33 ‘indicators’ of climate change. They have high confidence in 4, some confidence in another 4 and are yet to see any evidence of global warming effects in the rest . But it really, really will happen soon we promise.

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