Insurance, Politics and Climate Change
Part 2
Table of Contents
|
Chapter 5: Climate Change Affects Insurance Companies & Policyholders |
168 |
|
The Lawsuits Continue to Rise in Numbers |
168 |
|
Examples of Severe Weather Events in 2021 |
169 |
|
It Is Still Just Weather!? |
171 |
|
Fact #1-#5 |
171 |
|
Fact #6-#12 |
172 |
|
Federal Policies on Climate Change Between 2017and 2020 |
173 |
|
An Ever-Growing Wave of Lawsuits Helps the Insurance Industry |
175 |
|
Will Litigation be the Savior of the Insurance Industry? |
178 |
|
Wind Insurance in Wind Pool Areas |
180 |
|
What Defines a Windstorm? |
180 |
|
Windstorm Insurance Deductibles in Florida |
181 |
|
Insurer Risk-Knowledge & Management |
182 |
|
Assessing Risk & Avoiding Losses |
187 |
|
Life & Health Insurance Will be Affected |
193 |
|
Changing Landscape Affects Health Issues & Health Insurance |
194 |
|
Chapter 6: Insurers Have Limited Abilities |
196 |
|
Persuasion Through Premium Rates |
196 |
|
Insurance penetration rates |
198 |
|
Department of Commerce Estimations |
205 |
|
NFIP: What is the Message for Taxpayers? |
207 |
|
National Flood Insurance Program (NFIP) |
210 |
|
1. Premium Increases & Surcharges |
210 |
|
Pre-FIRM Subsidized Policies |
211 |
|
Other Subsidized Policies |
211 |
|
V Zones |
212 |
|
A Zones |
212 |
|
X Zones |
212 |
|
Miscellaneous |
212 |
|
Changes to Become Effective 1/1/19 |
212 |
|
2. Policy Reformation for Use of Incorrect Standard Flood Ins Policy Form |
213 |
|
3. Premium Receipt Date for Guidance for Invalid Payments |
213 |
|
4. Primary Residence Determination |
213 |
|
5. Clarification of Increased Cost of Compliance Premium |
214 |
|
6. HFIAA Section 28, Clean Communication of Risk – Phase 2 Re-underwriting |
214 |
|
7. Datum Conversion |
214 |
|
8. Updated Claims Data Elements |
215 |
|
NFIP Risk Rating 2.0 |
215 |
|
What is not Changing |
216 |
|
Premium Rates under Risk Rating 2.0 |
217 |
|
Phase I and Phase II |
218 |
|
General Property Form / Standard Flood Insurance Policy |
220 |
|
Europe Ahead of America in the Reality Category |
248 |
|
Litigation Risk Due to Both Actions & Inactions Related to Climate Change |
250 |
|
Physical Risks |
254 |
|
Transition Risks |
254 |
|
Liability Risks |
254 |
|
Driving Factors |
254 |
|
Insurer Risk is Increasing |
256 |
|
Insurance Categories |
257 |
|
Business Interruption Insurance and Resulting Claims |
258 |
|
Food Safety & Insurance |
258 |
|
Global Security Also Impacted |
259 |
|
General Insurance & Liability Affected |
259 |
|
It is All in the Math |
260 |
|
Insurance Company Wake-Up Calls |
260 |
|
Insurers Invest Too |
261 |
|
Dealing with Transition Risks |
261 |
|
Liability Risks |
262 |
|
Professional Indemnity |
265 |
|
Making Assessments |
266 |
|
As Always, Opinions Vary |
267 |
|
Tipping Events |
271 |
|
International Collaborations & Finance: Premium Rise as Claims Rise |
271 |
|
Developing New Insurance Products |
272 |
|
Insurance Impacts from Global Warming |
273 |
|
Life Insurance |
273 |
|
Health Insurance |
273 |
|
Insurers Recognized It First (Along with Scientists of course) |
278 |
|
Concepts of Insurability |
279 |
|
Chapter 7: The Ethics of Climate Change |
282 |
|
Climate Change: An Ethical Issue |
282 |
|
The Poorest of the Poor |
283 |
|
Predicting & Coping |
285 |
|
New Technology & the Hope that it Will Heal |
285 |
|
Power |
287 |
|
Transport Technology |
287 |
|
Funding from an Ethical Obligation |
287 |
|
What’s in a Name? |
289 |
|
Three primary issues that relate to climate change |
289 |
|
IPPC report identified the ethical considerations |
295 |
|
Climate Change: A Moral Issue |
301 |
|
Aerosol Pollution |
303 |
|
In insurance Uncertainty is a technical term. |
307 |
|
Adaption where possible |
309 |
|
Change Starts at the Top |
312 |
|
Giving the Subject Legitimacy |
312 |
|
Making Global Warming Personally Relevant |
313 |
|
Making Ethical Choices for our World |
313 |
|
Regulatory & Political Risks |
314 |
|
From a Practical Standpoint |
319 |
|
Choosing Ethical Conduct |
320 |
|
Ethics Beyond Philosophers |
321 |
|
Being Ethically Responsible is Hard Work |
322 |
|
Responsibility to Others |
323 |
|
A Legal Liability |
325 |
|
Free Choice |
327 |
|
Egoism |
329 |
|
Objectivist Theory |
330 |
|
Example # 1 & #2 |
330 |
|
Ethical Conduct Varies |
331 |
|
Moral Persuasion |
332 |
|
Rationalizing Morals |
333 |
United Insurance Educators, Inc.
PO Box 1030
Eatonville, WA 98328
(253) 846-1155