Insurers have warned that climate change could make cover for ordinary people unaffordable after the world’s largest reinsurance firm blamed global warming for $24bn (£18bn) of losses in the Californian wildfires.
Ernst Rauch, Munich Re’s chief climatologist, told the Guardian that the costs could soon be widely felt, with premium rises already under discussion with clients holding asset concentrations in vulnerable parts of the state.
Read more at:
Climate change could make insurance too expensive for most people – report | Climate change | The Guardian
Showing posts with label Policies. Show all posts
Showing posts with label Policies. Show all posts
Tuesday, August 10, 2021
Monday, January 25, 2016
Global Economic Change: Truly a New Economic Order - by Uwe Bott,
During the past few weeks, global financial markets have reacted with great volatility. The two key drivers are increasingly bad economic news coming out of China as well as the anticipated increase in U.S. interest rates, the first such rise since 2006.
To cut right to the chase: The Federal Open Market Committee of the Federal Reserve Bank of the United States should not raise intere rates!
Central bankers who favor an increase in U.S. interest rates overlook that they no longer live in their parents’ world economy. As a matter of fact, too many policy makers and central bankers across the globe
still live in the 20th century.
They have not yet realized that we live in a radically altered world economy that will shape the 21st century for some time to come. That tardy realization is not just unfortunate. It is a bad omen.
The acumen of central bankers has to be put into serious question. They celebrated themselves for accomplishing the “great moderation” in inflationary expectations over the past decades or so, even though that outcome had next to nothing to do with central banks’ management ofmonetary policy.
Still, there are many observers who argue that an increase is long overdue. After all, rates have been near zero since the financial crisis of 2008 and surely the U.S. economy is doing better, even if there is still a lot of room for improvement. Isn’t interest rate policy suppose to be anticipatory in nature?
That statement is both right and wrong at the same time. Yes,interest rate policy is to be anticipatory — and not reactive. But that alone would ignore the fundamental structural changes in the world economy.
During the past few weeks, global financial markets have reacted wigreat volatility. The two key drivers are increasingly bad economic news coming out of China as well as the anticipated increase in U.S.interest rates, the first such rise since 2006.
To cut right to the chase: The Federal Open Market Committee of the Federal Reserve Bank of the United States should not raise interest rates!
Central bankers who favor an increase in U.S. interest rates overlook that they no longer live in their parents’ world economy. As a matter of fact, too many policy makers and central bankers across the globe
still live in the 20th century.
They have not yet realized that we live in a radically altered worldeconomy that will shape the 21st century for some time to come. That tardy realization is not just unfortunate. It is a bad omen.
The acumen of central bankers has to be put into serious question. They celebrated themselves for accomplishing the “great moderation” in\inflationary expectations over the past decades or so, even though that outcome had next to nothing to do with central banks’ management of monetary policy.
Still, there are many observers who argue that an increase is longoverdue. After all, rates have been near zero since the financial crisis of 2008 and surely the U.S. economy is doing better, even if there is still a lot of room for improvement. Isn’t interest rate policy supposed to be anticipatory in nature?
That statement is both right and wrong at the same time. Yes,interest rate policy is to be anticipatory — and not reactive. But that alone would ignore the fundamental structural changes in the world economy.
Read more: Truly a New Economic Order - The Globalist
To cut right to the chase: The Federal Open Market Committee of the Federal Reserve Bank of the United States should not raise intere rates!
Central bankers who favor an increase in U.S. interest rates overlook that they no longer live in their parents’ world economy. As a matter of fact, too many policy makers and central bankers across the globe
still live in the 20th century.
They have not yet realized that we live in a radically altered world economy that will shape the 21st century for some time to come. That tardy realization is not just unfortunate. It is a bad omen.
The acumen of central bankers has to be put into serious question. They celebrated themselves for accomplishing the “great moderation” in inflationary expectations over the past decades or so, even though that outcome had next to nothing to do with central banks’ management ofmonetary policy.
Still, there are many observers who argue that an increase is long overdue. After all, rates have been near zero since the financial crisis of 2008 and surely the U.S. economy is doing better, even if there is still a lot of room for improvement. Isn’t interest rate policy suppose to be anticipatory in nature?
That statement is both right and wrong at the same time. Yes,interest rate policy is to be anticipatory — and not reactive. But that alone would ignore the fundamental structural changes in the world economy.
During the past few weeks, global financial markets have reacted wigreat volatility. The two key drivers are increasingly bad economic news coming out of China as well as the anticipated increase in U.S.interest rates, the first such rise since 2006.
To cut right to the chase: The Federal Open Market Committee of the Federal Reserve Bank of the United States should not raise interest rates!
Central bankers who favor an increase in U.S. interest rates overlook that they no longer live in their parents’ world economy. As a matter of fact, too many policy makers and central bankers across the globe
still live in the 20th century.
They have not yet realized that we live in a radically altered worldeconomy that will shape the 21st century for some time to come. That tardy realization is not just unfortunate. It is a bad omen.
The acumen of central bankers has to be put into serious question. They celebrated themselves for accomplishing the “great moderation” in\inflationary expectations over the past decades or so, even though that outcome had next to nothing to do with central banks’ management of monetary policy.
Still, there are many observers who argue that an increase is longoverdue. After all, rates have been near zero since the financial crisis of 2008 and surely the U.S. economy is doing better, even if there is still a lot of room for improvement. Isn’t interest rate policy supposed to be anticipatory in nature?
That statement is both right and wrong at the same time. Yes,interest rate policy is to be anticipatory — and not reactive. But that alone would ignore the fundamental structural changes in the world economy.
Read more: Truly a New Economic Order - The Globalist
Thursday, September 24, 2015
Dutch Health Insurance System too complicated and expensive say 58% of the Dutch
Most of the insured in the Netherlands are fed-up with the present health-care system.
They find the system too complicated and too expensive.
"It is like a jungle out there when you are trying to find out how the insurance system works and what is best for you and your family". "Lots of confusing choices make it very difficult to figure out”,said working mother.
Recently the marketing organization Pricewise reported that 58 percent of the people insured under the Dutch system today would rather prefer to go back to the old national health-care program if they had the choice.
The choices need to be made simpler, more limited, according to most of the people interviewed
Unfortunately, when the month of November rolls along again and insurance companies in the Netherlands mail out their annual multi-choice policies to customers, it will once again be as confusing as ever for customers to figure out which company to choose from offering the best coverage for their family and budget.
Insure-Digest
"It is like a jungle out there when you are trying to find out how the insurance system works and what is best for you and your family". "Lots of confusing choices make it very difficult to figure out”,said working mother.
Recently the marketing organization Pricewise reported that 58 percent of the people insured under the Dutch system today would rather prefer to go back to the old national health-care program if they had the choice.
The choices need to be made simpler, more limited, according to most of the people interviewed
Unfortunately, when the month of November rolls along again and insurance companies in the Netherlands mail out their annual multi-choice policies to customers, it will once again be as confusing as ever for customers to figure out which company to choose from offering the best coverage for their family and budget.
Insure-Digest
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