Monday, May 21, 2007

2007 Catastrophe Potential

So, you think you're paying a lot for gasoline NOW? Here's a news item on an A.M. Best Co. report.

More generally with respect to catastrophes, I think one of the most fascinating developments to watch over the next couple of years will be whether the movement toward greater acceptance of global warning (and thus, according to its adherents, greater frequency and/or severity potential of catastrophes) will lead to wide acknowledgement of the need for higher property-casualty insurance rates and changes in underwriting standards...

- Rick

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