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Old Posted Sep 21, 2019, 3:42 AM
Shawn Shawn is offline
Join Date: Jul 2001
Location: Tokyo
Posts: 5,499
You have 100+ year old billion dollar insurance conglomerates, whose only functions are to make institutional investors money and who have been damn good at doing so for a century and counting, refusing to insure coastal properties in places like Florida. These companies, who are the absolute best at predicting long-term risk trends, have decided that the likelihood of coastal flooding is now so high, it is no longer reasonable in a fiduciary sense to insure against. Because it would lose them money.

That is all you need to know to understand that this is not just a case of increased media cycle exposure rates. When the Progressives, Allstates, and Liberty Mutuals (and the Pentagon, for that matter) say "this is getting serious", it's serious.
“You are not entitled to your opinion. You are entitled to your informed opinion. No one is entitled to be ignorant.”
Harlan Ellison