[geeks] Mr Bill?

[Mike Meredith]

On Wed, 17 Sep 2008 15:59:52 -0400, Dan Sikorski wrote:
> The insurance premiums reflect the risk.  If they don't, sooner or
> later the insurance company will fail.  If the insurance premiums are
> too high for an area, people will move. 

Er ... perhaps.

First of all insurance companies are under no obligation to insure
anyone, and it is regularly suggested that some places (in the UK) will
end up being uninsurable for either buildings or contents.

Secondly most people have enough of their total assets tied up in their
property that if it devalues severely because it is uninsurable they
are unlikely to re-coup enough cash to purchase anywhere else.

Yes people will eventually move but not until people start losing their
lives.

There's quite a bit that can be done by adapting to severe weather
events. I'm not sure about hurricanes (the UK doesn't get that many),
but quite a bit can be done to alleviate flooding ... replace
unnecessary tarmac/concrete with equivalent water permeable surfaces,
etc.

-- 
Mike Meredith (http://zonky.org/)
 A petty thief is put in jail. A great brigand becomes a ruler of a
 State -- Zhuangzi