Support the Arctic Sea Ice Forum and Blog

Author Topic: Insurance Industry Policies and Climate Change  (Read 27903 times)

Sigmetnow

  • ASIF Emperor
  • Posts: 14312
    • View Profile
  • Liked: 208
  • Likes Given: 131
Re: Insurance Industry Policies and Climate Change
« Reply #100 on: December 29, 2018, 06:38:03 PM »
U.S.:   FEMA reverses decision to stop issuing new flood insurance policies during partial government shutdown
Quote
WASHINGTON (Reuters) - The Federal Emergency Management Agency (FEMA) said on Friday it will resume issuing new flood insurance policies during the partial U.S. government shutdown, reversing a decision announced two days ago.

FEMA, which oversees the National Flood Insurance Program, said it was rescinding guidance issued on Wednesday that it would not be able to sell new policies during the shutdown unless Congress passes legislation reauthorizing the program.

“As of this evening, all NFIP insurers have been directed to resume normal operations immediately and advised that the program will be considered operational since December 21, 2018, without interruption,” FEMA said on its website.

The National Association of Realtors estimated the decision not to issue new policies could have disrupted up to 40,000 home sales each month.

The flood insurance program insures about 5 million homes and businesses.

The federal government has been partially shut down since Dec. 22 because of an impasse over President Donald Trump’s demand for $5 billion in taxpayer funding for a proposed border wall.
https://www.reuters.com/article/us-usa-shutdown-insurance/fema-reverses-decision-to-stop-issuing-new-flood-insurance-policies-idUSKCN1OS01Q
People who say it cannot be done should not interrupt those who are doing it.

sidd

  • ASIF Governor
  • Posts: 4540
    • View Profile
  • Liked: 157
  • Likes Given: 0
Re: Insurance Industry Policies and Climate Change
« Reply #101 on: April 13, 2019, 11:31:44 PM »
Here's someone selling a different kinda insurance: our old friends, the Pinkertons. The moved on from smashing union workers to other scams.

"Over the last decade or so, Pinkerton began noticing a growing set of anxieties among its corporate clients about distinctly contemporary plagues — active shooters, political unrest, climate disasters — and in response began offering data-driven risk analysis"

"“If a client has food and water and all the other stuff,” he said, “then they become a target.” "

"Pinkerton stands to compete more directly with traditional consulting firms like Deloitte, which offer pre- and postdisaster services (supply-chain monitoring, damage documentation, etc.), but which cannot, say, dispatch a helicopter full of armed guards to Guatemala in an afternoon. In theory, Pinkerton can do both — a fully militarized managerial class at corporate disposal."

"On the day the Category 4 hurricane made landfall in Puerto Rico in 2017, he received more than 30 calls from American businesses and multinationals. He wouldn’t go into detail but explained that many chief executives felt blind to the situation and effectively tendered a blank check if Pinkerton could provide security. Over the next few days, as the company deployed hundreds of agents to the island"

"The future looked pretty good for Pinkerton."

"The best outcome for these new data-driven Pinkertons is that this century lapses into the kind of lawlessness and disorder that makes it look more like the 19th"

"Ordinarily, Pinkerton bills on a relatively cheap hourly basis, but during a state of emergency, the rate soars, something Paz Larach compared to Uber’s surge pricing."

"You aren’t prepared enough, and the government is too clumsy to save you."

I guess they haven't really changed. Still breaking heads in the service of the rich. Read the whole thing:

https://www.nytimes.com/interactive/2019/04/10/magazine/climate-change-pinkertons.html

I think their rich clients haven't figured out that in the event of social breakdown, their own guards will slit their throats, rape and kill all the women and loot their provisions. Counldn't happen to a nicer bunch.

sidd