2 Comments

  1. According to Roger Pielke Jnr, the insurance industry quickly makes good any losses as premiums rise, and people over-insure. A long period without any extreme disasters is probably more harmful to industry profits than lots of disasters. But panic about a non-problem, or a trivial issue is even more profitable. The insurance companies only cost is advertising needed to generate the panic.

  2. And I suppose all these profits are unregulated and un-taxed – or not taxed as high as they should be? Oops – have I trodden on someone’s foot?

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