Recent content by esalman

I know.. was bored at work today haha

You're getting on to something.

Insurers wouldn't be asking us for catastrophy model and data if it didn't increase their profits.

All I'm saying is that when you underwrite a property as an insurer, you do not do that based on common sense. You do not draw a random line on a map, and say okay this side of the line has double premium than the other side. We have better data and tools to make more accurate predictions now...

And how do you determine which area as more or less prone to catastrophic risk? Climate models. (Bingo)

That's your point of view and totally fair. It's just market dynamics in play. Low risk = high demand = high cost. For people who cannot afford the cost, they are going to build in high risk areas, because high risk = low demand = low cost. If you want to stop that, you will need the government...

Now that we seem to have a common ground, let me expand a little more. Basically two points. Insurance companies have not entirely pulled out. It's true many companies are simply refusing to write individual policies. But they are still required by law to participate in the California Fair...

I actually agree with you what you just said. But "weather's gonna weather" is not what you want to hear when you are underwriting an asset for insurance purposes trust me lol ..

Again wrong. As someone who works with catastrophic event models and clients in the reinsurance industry, I can tell you the predictions are designed to help insurers and people like homeowners understand risks and making decisions. Edit: and the predictions help the federal, state and local...

Nobody predicted how many of the named storms will make landfall lol. You're moving goalposts now.

While we're at it, please stop spreading false information. You said there's been three named storms so far. There's actually been thirteen.

We're getting record amount of damages that's for sure. I work for reinsurance clients, Helene already caused nearly $50bn in insured damages. And Milton is not even here yet.

What are you talking about? Even activities in the Pacific (el nino/la nina) influences the climate in the Atlantic.

Thoughts on this?

I know.. these interest rates man..