"Gene Kearns" wrote in message
...
On Sun, 13 May 2007 19:20:08 -0400, JimH penned the following well
considered thoughts to the readers of rec.boats:



The probability of your house burning to the ground is slight yet you
insure
it against that possible catastrophic event.

As you know it is all a matter of probability *and* severity. Some
insurance companies have decided to get out of the Florida market as the
severity has trumped probability.



It has become a global issue that insurers have paid attention to:
http://www.sciencentral.com/articles...392660&cat=2_7

--

Grady-White Gulfstream, out of Oak Island, NC.

Homepage
http://pamandgene.idleplay.net/

Rec.boats at Lee Yeaton's Bayguide
http://www.thebayguide.com/rec.boats

I would not tie global warming into this issue.................numerous
severe hurricanes were predicted last year by the global warming alarmists,
riding the coat tails of the 2005 season, yet their predictions fell flat.