00ZBN wrote:
4 Apr 2008

http://timblair.net/

Insurance companies have lately sought to cash in on climate hysteria:

Many coastal property owners in North Carolina have seen their insurance
rates increase 25 percent since May ...

"I know everybody on the coast is suffering from high insurance rates,"
said William Baggett, an owner of the oceanfront Blockade Runner hotel
in Wrightsville Beach. He said his rates have quadrupled since 2005. "I
don't think they are quite justified."

That report from last year. But things have since turned around:

Lloyd's of London warned yesterday that an absence last year of natural
disasters or man-made accidents was putting pressure on firms to reduce
premiums in 2008.


This seems a moot point in light of recent midwest flooding, tornadoes in the
southeast, record fires in the west, and storm flooding in England and
Germany this spring...
You won't see rates going down any time soon. They're still working on new
risk exposure algorithms. FEMA rates alone are up 15%+ over a year ago.

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