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37 sats \ 5 replies \ @gmd 4 Jul \ parent \ on: Is The Number Of Natural Disasters Increasing? charts_and_numbers
It seems like insurance companies would have pretty good data on this and they seem to be reducing their risk significantly.
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99 sats \ 4 replies \ @Undisciplined 4 Jul
Do you mean they are downgrading the risks or that they are reducing their exposure to the risks?
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42 sats \ 3 replies \ @gmd 4 Jul
It seems like they are withdrawing coverage from a lot of areas like Florida due to hurricanes and fire risk areas in Cali...
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99 sats \ 2 replies \ @Undisciplined 4 Jul
Yeah, but even there, you have to be careful about how to interpret that.
Monetary damages from natural disasters have risen a lot, but most of that is because of how much more stuff has been built in disaster areas.
Deaths and injuries related to natural disasters have declined, but that's mostly because of how much more we've spent on safer structures and better emergency response.
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69 sats \ 1 reply \ @gmd 4 Jul
No data, just hearing whispers/frustration from owners online whose coverage has either doubled or been completely withdrawn.
It seems weird to me to go from insurable to non-insurable unless the see something in the data.
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99 sats \ 0 replies \ @Undisciplined 4 Jul
I'm not sure about California, but I recall hearing that Florida recently had a major insurance policy reform that sent premiums through the roof.
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