Post #31073 by sano on the US Policy board

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Are the models used by property insurers in Florida an objective assessment of risk?

So you're saying it's expensive to insure homes in hurricane-affected areas? Tell me more.

Responses beginning with "So you're saying" are followed with logical fallacies and/or outright lies.

Actuaries are damned good at assessing risk. It's more expensive to insure boats everywhere because of increasing strength and frequency of tropical storms.

To wit, my premiums in SoCal got raised since all the vessels in the insurance companies marine portfolio have to subsidize the all the other vessels in the portfolio. Actuaries know the increasing strength and frequency of hurricanes impacting the gulf and east coast will require more premiums from all vessels in their portfolio to cover the projected damages.

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