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Discussion in 'Politics' started by NavetG8r, Nov 10, 2017.
lol The only real risk to their portfolios are these crooked green projects that the taxpayer is funding mostly.
Those have no risk....to them.
Well to the investors if the govt cuts the subsidies off.
Last time that occurred was 1775.
Pretending the risk isn't real would be gross negligence by anyone in DB's position.
Nothing much to see here major insurance companies do this all the time.
But using global warming models that have never been close to accurate is even more negligent.
And you know that's what they're doing.
Well, we know they're not using real world data as there are none. The global warming belief system is all driven by models and the models have been shown to be wrong every time.
All models are wrong. It's the nature of models.
Meanwhile, in the "real" world...
Insurance companies have made hundreds of billions "modeling" risk. Apparently, their models are causing them to be concerned.
Sure all models are wrong but the global warming models are very wrong.
(Note that the perceived relative accuracy of the models prior to 1995 is due to the fact that the model results are calibrated to agree closely to data for those years. The divergence starts once the models are freed from the calibration regime.)
To the extent that the insurance industry can collectively milk unfounded climate alarmism by raising preimums, their profits will skyrocket. That happened after four hurricanes hit Florida in 2004 and was amplified after Katrina in 2005. Al Gore and the other leaders of the global warming cult preached that we would have storms like that year after year going forward and insurers responded by dramatically increasing their premiums. The result, of course, was the longest period on record without the United States being hit by a major hurricane.
California's governor "Moonbeam" Brown, a Cardinal in the global warming cult, blamed his state's drought on global warming until the big rains came back at which time he blamed the state's failure to property maintain dams and other water supply facilities on, you guessed it, global warming.
Anyone who lives in Florida and purchases property insurance with wind coverage has been a victim of the global warming cult.
By the way, the report that your cited was presented at the COP23 meeting, the big annual international get together of the global warming believers.
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