A well-designed market for betting on climate change would allow the communities at greatest risk to buy insurance and literally transfer wealth from the ignorant to the knowledgeable.
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Insurance rates get adjusted every 12months, they should be fine regardless of climate future
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Global Warming could be directionally correct but the consequences not materialize because it’s a slow moving disaster that is solved
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Insuring against SLR sure sounds like free money...
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Might be a higher leverage point.
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Too many confounding factors. Interestingly, the major reinsurers (GenRe, MunichRe) haven’t really budged over climate change predictions.
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Climate change could be an excuse to raise rates AND scare people into buying more. What did you say about what people will do when there's a lot of money to be made with little risk of getting caught?
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Slightly OT: "Are climate models like economics models? I don’t have a lot of faith in the exact predictive powers of climate models, or economic models, but uncertainty about outcomes should make us worry more not less. Uncertainty usually has two tails."https://marginalrevolution.com/marginalrevolution/2008/08/are-climate-mod.html …
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Beware Pascal’s Scams as a form of argument: http://unenumerated.blogspot.com/2012/07/pascals-scams.html?m=1 …
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I’m more concerned that my healthcare cost in CA is up 100%, Obama never tried to reduce the cost of the system, not drugs, that’s obvious, health insurance companies and operators have a yoy 13% earnings growth. Obama failed.
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