Glad there's no climate change, if there was, it would cost us some money...

[Lockback]

Can't tell I've mowed this year.

Fuggin rain!

Miserable May this year in Ohio.

 

[22lcidw]

"The Palisades and Eaton fires in January 2025 resulted in an estimated $40 billion in insured losses and forced the FAIR Plan to issue a $1 billion assessment to member insurers, the first such call since the 1994 Northridge earthquake. State Farm, Allstate and Chubb have withdrawn from writing new homeowner business in California. According to the UCLA Luskin California Poll published in January 2026, more than one in five California homeowners have dropped their home insurance because their policies were canceled or premiums had become unaffordable. The withdrawal is no longer cyclical. It is structural.

Similar retrenchment pressures are emerging in Florida and Louisiana, where escalating hurricane losses are destabilizing private insurance markets, as well as in parts of Australia and southern Europe that are confronting intensifying wildfire exposure. What is unfolding is a broader repricing of climate risk across global insurance markets. Global insured natural catastrophe losses reached $107 billion in 2025 against total economic losses of $220 billion, with 92 percent of the insured total coming from wildfires, severe convective storms and floods. Balz Grollimund, who heads catastrophe perils at Swiss Re, observed that “the upward trend in insured losses is structural” and modeled a peak-loss scenario for 2026 exceeding $320 billion. The conditions are no longer a deviation from the baseline. They are the baseline.

Carine Smith Ihenacho, NBIM’s governance and compliance officer, told the fund’s Climate Investment Summit in October 2025 that the global economy is currently undergoing one of the largest capital reallocations in history. The Yale Law Journal, in a December 2025 essay titled “The Uninsurable Future,” framed the same shift in legal terms: the property insurance system that anchors the American mortgage market is exiting climate-exposed assets faster than the regulatory architecture can replace it.

The market that wrote the prior baseline has stopped underwriting it."
Climate Risk Is Rewriting the Logic of Global Insurance

Did I mention that Trump has made cuts in disaster funding? If no one will sell you insurance, what the F do you do? Living here in Maine, we don't have big earthquakes, hurricanes always dissipate before they get here, we had a massive forest fire a hundred years ago. But that took a combination of a drought and a very hot summer. We seem to be having cool summers these days, which brings up a minor irony. I live on a hill in cool breezy yard. Not great for growing tomatoes. But scientists are saying that big glacier in Antarctica is going to let go this decade. That will likely set off a massive tidal wave. I'm several miles from the coast, and up on a hill. Wonder if the waves will be high enough to hit my house, guess we'll see.

As I said a generation ago, this is just warming up.

Gonna get a lot worse.

If the world was going to end in 2030, all of us would be living a forced situation. And that was just one of multiple dead-end dates. You pay for it. You won't.

 

[late]

It's so exciting to have yet another mindless Leftist here.
Welcome!
You win a free viewing of the next Three Stooges movie: "Three Commie Dummies".

That's one way of telling us you never graduated from Jr High.

 

[petro]

The Doom Cult is still at it.

These people love to live with anxiety, stress, and constant fear.

 

[late]

If the world was going to end

The thread is primarily about costs rising past the ability to pay for it.

Of course, that's back in the real world.

The problem with predictions is they are sometimes a N+1 situation.

We can't know precisely, but we do know trouble is coming.

 

[Lockback]

That's one way of telling us you never graduated from Jr High.

Oh actually I went well beyond that. But modesty prevents me from saying how far brighter I am than you.

 

[late]

Oh actually I went well beyond that. But modesty prevents me from saying how far brighter I am than you.

"False modesty is the masterpiece of vanity: showing the vain man in such an illusory light that he appears in the reputation of the virtue quite opposite to the vice which constitutes his real character; it is a deceit."
Jean de La Bruyere

 

[Lockback]

"False modesty is the masterpiece of vanity: showing the vain man in such an illusory light that he appears in the reputation of the virtue quite opposite to the vice which constitutes his real character; it is a deceit."
Jean de La Bruyere

Your childish post didn't even deserve a response.
I apologize for wasting my time.

 

[late]

Your childish post didn't even deserve a response.
I apologize for wasting my time.

Thanks for proving my point..

 

[Lockback]

Thanks for proving my point..

What in your personality allows you to think you're intelligent and clever?
Did your mother constantly pat you on the head and tell you that you were so smart and a good little boy?
Or do you have some kind of kink in your tiny brain that convinced you that you're brilliant and amazing?