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RobertEarl

(13,685 posts)

8. Insurance is socialism with a capital investment basis

Reply to adirondacker (Reply #3)

Sat Mar 22, 2014, 03:48 PM

Mar 2014

Each of us share in the costs of insurance. Only those who find themselves in need get any return.

In the case you have mentioned, note that it is FEMA which is redrawing the lines. And is the insurer via federal funds not the private companies.

It is the private companies who look at the bottom line and profits who are sweating global warming. One way they wipe some sweat from their brow is to get FEMA to insure them against loss.

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Highlight:

GREENLAND IS MELTING - The 'VICE' Series [View all] Segami Mar 2014 OP

Property insurance companies are sweating RobertEarl Mar 2014 #1

Ironically the 1% (who hold the highest coastal property values) aren't sweating the premium rise... adirondacker Mar 2014 #3

Insurance is socialism with a capital investment basis RobertEarl Mar 2014 #8

I watched... Segami Mar 2014 #2

I don't have access to the whole thing, but I've been keeping up for several years Warpy Mar 2014 #5

It was a good show. They're going to show it again at 2:00 am EST, HBOW nt Incitatus Mar 2014 #4

Sea level rise is bad enough but it's the methane in the permafrost melting that's the bigger deal pffshht Mar 2014 #6

+infinity newfie11 Mar 2014 #7

Not Only is the Methane Release Extremely Worrisome fascisthunter Mar 2014 #9