An interesting follow-on from Tuesdays DDD, with the excellent talk by the head of Munich Re the reinsurance giant. The insurance companies deal in facts, not politics, so they certainly believe in climate change.......and get ready for those premiums to go up......
How Much Will Sandy Cost? Ask the Insurers
by Matthew Zeitlin Oct 31, 2012 4:45 AM EDTThe insurance industry will soon be shelling out big payments to cover the storm’s massive damage. And it says the U.S. is uniquely positioned to suffer from climate change, Matthew Zeitlin reports.
In times of crisis, few people instantly think in terms of dollars and cents. But before the floodwaters have subsided, the insurance industry has already hastened to calculate the damage from Sandy.
A huge tree split apart and fell over the front yard and fence of a home in Sea Cliff, N.Y., on Tuesday in the aftermath of Hurricane Sandy. (Kathy Kmonicek / AP Photo)
The most widely cited economic and insured loss projections came from Eqecat, which does risk modeling for insurance companies. On Monday, it projected insured losses—meaning the amount insurance companies would have to pay out—due to Hurricane Sandy of $5 billion to $10 billion. Eqecat estimated the total effect on U.S. economic activity would be between $10 billion and $20 billion. Bill Keogh, the president of Eqecat, said that the damage done by Sandy, although clearly extensive, is well within the range of the models Eqecat builds.
This came out late this week because HuffPost was down for three days due to Hurricane Sandy.....but better late than never.....a good one......
The best political jokes of the week.........
We live in a pretty red part of the state, but not as red as The Villages, so it was interesting to see this article in the Times about South Florida and political signs.......passions are running high.....
In Political Sign Battle, Thievery, Acid and Jelly
Josephine Wiseheart
After several Obama signs were stolen from her mother’s yard, Josephine Wiseheart posted a handwritten message.
By LIZETTE ALVAREZ
Published: October 29, 2012
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SOUTH MIAMI, Fla. — Two weeks ago, Hillary Wiseheart plunged an Obama-Biden campaign sign into her front lawn, a defiant stance amid the riot of Romney-Ryan signs in her well-kept neighborhood. The next day, it was gone.
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Ms. Wiseheart donated $5 toPresident Obama’s campaign for a new sign and planted it. Gone. By the fifth sign, her daughter, Josephine Wiseheart, 31, who almost nabbed the sign-snatcher one late afternoon, put up a second, homemade sign standing sentry next to the new Obama sign.
“Every time you STEAL our sign, you help DONATE to Obama’s campaign. Thanks for the SUPPORT.” The next morning, Obama was gone. Left untouched was Josephine’s hand-scrawled sign of gratitude.
“In 2008, we had one sign, and it stayed up the whole time,” said Mrs. Wiseheart, a psychologist and Miami native. For the first time, she feels ill at ease in her own neighborhood, she said. “It has made me very upset. I’m 67. I’ve never had this experience. It feels like hatred.”
Along tidy, landscaped yards in these parts, political signs are as common as sprinklers (although Romney-Ryan outpaces Obama-Biden), and partisans from both parties are guilty of high jinks. Signs for Mr. Obama and Mitt Romney are being swiped, mangled, shredded, spray-painted and urinated on all around Miami and in places farther afield. They serve as proxies, easy targets, for all the fury, disappointment and disgust the presidential race has stirred, at least among some voters.
Sometimes, irate voters go on the record with their outrage; they call the police, file a report. Most often, though, they reserve their complaints for friends, neighbors and the campaign offices that sell the signs and offer up escalating tales of vandalism.
You may heard about the big story from Disney that they have purchased Lucasfilm [Star Wars].....Adolph Hitler [yes, he] didn't react very well to this news......4 minutes.....
And a quick joke.....
Shot!Miss Beatrice,The church organist,Was in her eightiesAnd had never been married. She was admired for her
sweetness and kindness to all.One afternoon the pastorcame to call on her and she showed him into her quaintsitting room.She invited him to have aseat while she prepared tea...As he sat facing her old Hammond organ,the youngminister noticed a cut glass
bowl Sitting on top of it.The bowl was filled with water,and in the water floated. of allthings,a condom!
When she returnedWith tea and scones,theybegan to chat. The pastortried to stifle his curiosityAbout the bowl of water and its
strange floater, but soon it got the better of him and he could no longer resist.'Miss Beatrice', he said,'I wonder if you would tell me about this?Pointing to the bowl.'Oh, yes,' she replied, 'Isn't it
wonderful? I was walkingthrough the park a fewmonths ago and I foundthis little package on the
ground.The directions saidTo place it on the organ,Keep it wet and that it would prevent the spread of disease.
Do you know I haven't had the flu all winter.
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