posted on Dec, 27 2013 @ 08:43 PM
reply to post by soficrow
(Insurance companies) are stopping coverage in some geographic areas, raising premiums in others and lowering premiums in still other areas. This
suggests seasonal storms may be moving 10 degrees to the north while increasing in severity. Whatever. Things are changing and the insurance
industry is responding. Because they have to respond, accurately, or go bust.
Why bother with insurance industry data at all when you have detailed tropical storm landfalling statistics in continuous records for, at least, the
last 60 years?
I'd rather go with the guys who put actual cash on the line. ...Insurance companies' profits hinge on their data - whether they're stopping
coverage in some geographic areas, raising premiums in others or lowering premiums in still other areas. If they screw up, they go bankrupt. Seems
like a good measure.