No, because you're taking normal weather patterns and attributing it to GW. Our insurance goes up because we know there will be hurricanes. We don't pay extra because we know they'll be more intense or frequent. If we do we're getting ripped off.
On 8/13/07, Gruss Gott <[EMAIL PROTECTED]> wrote: > This has nothing to do with me; it's us - you, me, and every home > owner in America that's not self-insured. Here's how *your* home > owner's insurance rate is figured: > > Actuaries will take a look at claims history in your area and combine > that with some factor for risks to changes in that history. > > From this they derive the risk that they'll have to pay $X to you over > Y years. Then they figure out what dollar amount you need to pay them > such that they make $X over Y years. They make profit in 2 ways: > > (1.) They bet that (based on their calculations) odds show you'll give > them more money than they'll give you, and > > (2.) Since they get to keep your money, they can invest it and make a profit. > > > BOTTOM LINE: Sam pays more to insure his house due to the risk of > global warming. > > Does that help clarify it? > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| ColdFusion 8 - Build next generation apps today, with easy PDF and Ajax features - download now http://download.macromedia.com/pub/labs/coldfusion/cf8_beta_whatsnew_052907.pdf Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:240121 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
