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> Climate change has made that much harder. A warming world is more dangerous and unpredictable. In the 1980s, the US experienced roughly three disasters a year

by prirun 3y ago

> Climate change has made that much harder. A warming world is more dangerous and unpredictable. In the 1980s, the US experienced roughly three disasters a year that did at least $1 billion in damage. Now the annual occurrence is closer to 18, according to the National Oceanic and Atmospheric Administration, and likely to rise. In 1980, the median California home price was $167,300: https://www.cnbc.com/2017/06/27/how-much-housing-prices-have-increased-since-1940-in-every-state.html https://www.cnbc.com/2017/06/27/how-much-housing-prices-have... In 2023, it was $793,600: https://www.bankrate.com/real-estate/median-home-price/ https://www.bankrate.com/real-estate/median-home-price/ Instead of climate change being responsible for a 6x increase in claims over $1B, most of the increase is because house prices are 4.7x higher: 793600/167300 4.743

elmerfud 3y ago
I suspect that in addition to to the housing prices going up and being a major contributor to the rise and cost of insurable damage is also that people are less likely to have the knowledge or willingness to do the repairs. I'm not sure if people just don't have memories or maybe haven't been alive that long but lots of things that are getting classified as extreme weather events I have memory of the exact same weather events throughout my lifetime. In addition there's roughly 150 million more people in the United States since the eighties as well. This means that weather that could have impacted nowhere or a minority of rural people is a lot more likely to affect population centers because there's more of them to account for the more people. There is also a very big trend of people don't know or are unwilling to do basic repairs on their home themselves. I have seen storms come through trees fall down shingles get blown off houses etc people call their insurance company. Which is fine this is kind of what insurance is for you pay for it to use it but 40 years ago people were more likely to get the chainsaw and the hammer and nails out and just fix it themselves rather than reporting a claim. You reserved calling your insurance company for when something big happened like your entire roof blew off. I think there's clearly more to this story than simply extreme weather driving up prices. That's a good mantra to make people scared but it cannot be the complete picture. Without an accurate picture it's just fear mongering and when fear mongering happens you have to ask who's profiting from it.
- soared 3y ago
  Boomer FUD
  - elmerfud 3y ago
    The FUD means fear uncertainty and doubt. Everything that I said was the opposite of FUD. The original article is what was promoting the fear mongering. The post that I was replying to and made a very intelligent argument as to why it was fear mongering. Your post shows the abject ignorance of people who use the word Boomer.

by prirun 3y ago

elmerfud 3y ago

I suspect that in addition to to the housing prices going up and being a major contributor to the rise and cost of insurable damage is also that people are less likely to have the knowledge or willingness to do the repairs. I'm not sure if people just don't have memories or maybe haven't been alive that long but lots of things that are getting classified as extreme weather events I have memory of the exact same weather events throughout my lifetime. In addition there's roughly 150 million more people in the United States since the eighties as well. This means that weather that could have impacted nowhere or a minority of rural people is a lot more likely to affect population centers because there's more of them to account for the more people. There is also a very big trend of people don't know or are unwilling to do basic repairs on their home themselves. I have seen storms come through trees fall down shingles get blown off houses etc people call their insurance company. Which is fine this is kind of what insurance is for you pay for it to use it but 40 years ago people were more likely to get the chainsaw and the hammer and nails out and just fix it themselves rather than reporting a claim. You reserved calling your insurance company for when something big happened like your entire roof blew off. I think there's clearly more to this story than simply extreme weather driving up prices. That's a good mantra to make people scared but it cannot be the complete picture. Without an accurate picture it's just fear mongering and when fear mongering happens you have to ask who's profiting from it.

soared 3y ago
Boomer FUD
- elmerfud 3y ago
  The FUD means fear uncertainty and doubt. Everything that I said was the opposite of FUD. The original article is what was promoting the fear mongering. The post that I was replying to and made a very intelligent argument as to why it was fear mongering. Your post shows the abject ignorance of people who use the word Boomer.