Quite The Hurricane

80watts

Well-known member
May 20, 2004
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Victoria
With climate change, it will take national help for all provinces when disaster hits.

Be prepared for more disasters and the corresponding rise in property insurance rates and taxes.

I mean look we are still paying for the Calgary Floods in our insurance rates. Meanwhile corporate insurance companies make a very good profit from it. Still insurances companies hold less assets then all of their insured properties. Basicly insurance premiums float the economy by the transfer of all monies involved. So when big storms and natural disaster happen, they can't cover the replacement values of all the insurance claims. Hence why after the Calgary floods everybodies insurance in Canada went up to pay for the floods.

So when you get alot of natural disasters the insurance companies can't pay. So expect a increase in insurance rates for next year. in the order of 15 to 25%.
 

sybian

Well-known member
Dec 23, 2014
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Kamloops B.C.
After the wildfires it was explained to me by a very senior adjuster that….” When a massive natural disaster happens, it’s spread out worldwide, and everyone will see an increase in the few dollars amount”
so I then said “ when these wildfires happened what can we expect worldwide?”
”it will go as far as Europe,and everyone will see a 50 cent increase, anything above that is purely a money grab by medium sized companies, and if the increase is noticeable, a new company should be procured by the clients”

For a guy who had been employed by insurance rates his entire career, he had an interesting view on the industry.
 
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masterpoonhunter

"Marriage should be a renewable contract"
Sep 15, 2019
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Profiteering.
Same as gas pricing.
Now food prices are looking suspect.
The CEO's need new houses and trophy wives and need to keep the shareholders happy so they can keep their plum positions.

But back to the storms, fuck me.
I have business associates (friends) in Tampa and surrounding area. They have divided the area into evac zones. From be prepared for a big storm up to get the fuck out. NOW.

Remember the storm we had here in '06? The one that uprooted a shitload of Stanley Park's trees. Those winds were maybe 50mph. Now imagine those winds at 100-150 mph.
 

Done1

Active member
Aug 11, 2014
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Just be glad you dont live in Montreal...
Three years paying another 10% income tax, living in 250 yr old brick houses and walking around in what appeared like a cross between ugly-Detroit and small-town-Arizona.
It's so damn good waking up everyday here and getting simple things without being an evil "Anglophone"...
 

PuntMeister

Punt-on!
Jul 13, 2003
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Thankfully those east coasters are resilient people. It’s s tough hit, and I am sure the communities are pulling together and the best in Canadians is coming out. It will be a long hard recovery for many. Thoughts are with them.
 
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Bridge

Well-known member
Nov 11, 2014
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After the wildfires it was explained to me by a very senior adjuster that….” When a massive natural disaster happens, it’s spread out worldwide, and everyone will see an increase in the few dollars amount”
so I then said “ when these wildfires happened what can we expect worldwide?”
”it will go as far as Europe,and everyone will see a 50 cent increase, anything above that is purely a money grab by medium sized companies, and if the increase is noticeable, a new company should be procured by the clients”

For a guy who had been employed by insurance rates his entire career, he had an interesting view on the industry.
Apparently much of the damage caused by Hurricane Fiona won't be covered by insurance!

https://www.cbc.ca/news/business/hurricane-fiona-insurance-1.6597612
 

westwoody

Well-known member
Jun 10, 2004
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Westwood
Apparently much of the damage caused by Hurricane Fiona won't be covered by insurance!
Everyone here should check their insurance policy carefully!
The storm a few years ago that wrecked Stanley Park did a lot of damage on the Gulf Islands. Insurers weaselled out of paying a lot of residents. They paid those who fought back hard - don’t give up!!!
 
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sybian

Well-known member
Dec 23, 2014
3,404
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Kamloops B.C.
Everyone here should check their insurance policy carefully!
The storm a few years ago that wrecked Stanley Park did a lot of damage on the Gulf Islands. Insurers weaselled out of paying a lot of residents. They paid those who fought back hard - don’t give up!!!
Always check the Co-insurers clause…..meaning if your building was underinsured YOU are the second entity that must carry the partial burden of replacement value, particularly if there is a partial loss.
….and in todays market of soaring prices, this is something that can become a real threat .
 

Bridge

Well-known member
Nov 11, 2014
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Another strange situation is that all this destruction adds to RGDP when clearing away begins and reconstruction starts. Is that really "productive??"
 

rlock

Well-known member
May 20, 2015
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Insurance rates are definitely going way up - here, there, everywhere. Understandable, when billions of dollars of damage is done, society's going to be eating those costs somehow. At some point if disaster is frequent & inevitable, will they just decline to cover people in certain areas at all? Probably. Unless people learn to build/rebuild without making the assumption things will just magically be okay, glossing over the potential for disaster to get at those quick dollars.

Here in Vancouver, I look at any of the much-promoted new mega-projects, and wonder if the planning & architecture include dealing with a major increase in heat waves, storms, or a 2.5 metre rise in sea levels. Almost certainly the answer is "No". Not from the developers for sure, nor from the governments who job it is to set standards and do the real planning work. Nope, they'll just give in when a few extra dollars are waved under their noses. That means anyone buying into something so poorly planned and regulated is fucked. And when everything is done half-assed like that, we all get fucked.


Apparently much of the damage caused by Hurricane Fiona won't be covered by insurance!

https://www.cbc.ca/news/business/hurricane-fiona-insurance-1.6597612

Insurance companies always try to find an excuse to not pay. Their general behaviour hasn't improved since Hurricane Katrina.
 

westwoody

Well-known member
Jun 10, 2004
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Westwood
Maybe DoucheSantis will visit the hard-hit areas and throw them MAGA hats and paper towels
Desantis bitched about his tax dollars going to another state hit by a hurricane.
Now he is demanding money for his own.
Maybe Trump could go throw paper towels at Floridians?
 

westwoody

Well-known member
Jun 10, 2004
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Westwood
Hurricane Katrina.
Worth noting one of the first on scene was a Canadian navy ship providing clean water, first aid, and sailors on inflatables rescuing trapped residents.
Pretty much forgotten by everyone.
 
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80watts

Well-known member
May 20, 2004
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Victoria
Engineering a house is quite an art.
Here in BC, they have to put in allowances for earthquakes, the House has to move with the quake to prevent damage.
In a hurricane a stick framed house is not a secure as a house built with cement like an ICF house (walls are cement with window and door openings and can even have cement floor). ICF house are very solid construction, not sure how they stand up to earth quakes. What rips a house apart is the difference in air pressure as the winds go by the house.
 

Done1

Active member
Aug 11, 2014
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Maybe DoucheSantis will visit the hard-hit areas and throw them MAGA hats and paper towels
It will be very interesting to see how he turncoats in the primaries against Trump.
Watching them choose to suck up or stick out against him will be the best TV in decades....
 
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