Curiously, I don't recall insurance companies complaining about the profits they made selling insurance policies to new homeowners of gated communities clear cut out of previously existing forested areas. I wonder if they made any money insuring drilling rigs?
Sounds like yet another instance of privatizing profits and socializing losses.
Does anyone even know what all the new weather patterns might yet be?
And what's a place like Miami to do when even building dykes ooops dikes won't prevent seepage underneath, given the substrata there.
What if the new weather patterns steer hurricanes away from Florida. Can we look forward to decreased premiums or does that get listed under the privatizing profits heading.
If someone wants to live on the beach, raise their premiums through the fucking roof and let's see the true value of their homes. Why is the public subsidizing luxury?
Never mind the timeline of what's been known for municipalities to even have taken significant action. How can you possibly sue a city now for a drainage system installed 100plus years ago, adequate and engineered for information at hand then?http://www.aip.org/history/climate/timeline.htm