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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Terry Maloney who wrote (16906)3/17/2002 5:51:18 AM
From: elmatador  Read Replies (1) | Respond to of 74559
 
Super-cat is not so difficult to figure out: Giving the amount of research the knowledge of hurricanes strength and paths are well known.
They know where lightening are more likely to strike, etc. They work out the probability of comet or big asteroid hitting Earth and so on.

They know very well where the faults are and how they behave. All those scientists -who research and study this stuff above- put their knowledge to insurance companies. They even stretch their point a bit, saying there is ozone holes on top of MQ's head, they say the ice will melt and make the sea level rise.
(They just forget that the North pole ice is already inside the water as are those big block of ice around Antarctica -which make it look bigger than it is. And apparently they leave out that water doesn't expand when going from solid to liquid. It does the opposite.)

You know stuff that make people send their money to the Sierra Club and Greenpeace. Get any scientific article and I bet you will find it ending something like this:

"this is not conclusive, we need to know more."
They do that (frightening insurance companies) so that the funding for research keep coming.

What I was talking about? Oh, Super-Cat. Yes, supercat even me. But Fannie Mae...



To: Terry Maloney who wrote (16906)3/17/2002 1:53:47 PM
From: LLCF  Read Replies (1) | Respond to of 74559
 
<everything but 9/11 ... >

Why not 9/11 too??? Buffet took a hit, so he wasn't immune right? STill, I see the point... it appears more random than the systematic risk of insuring 'businesses' or mortgages, etc, all of which will, by defenition blow up at exactly the same time.

DAK