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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (3736)	10/22/2019 11:20:50 AM
From: Elroy Jetson	Respond to of 13801

Zurich Reinsurance is very clear about what risks they won't accept from other insurers and they've set their prices accordingly due to increasing weather related losses. A different insurance company can deny the increasing weather losses mean anything and easily undercut their rivals by a small amount and pick up a large segment of business insuring against climate change which they don't believe exists. This different insurance company could be a huge winner if their assumption is correct, or they'll be bankrupt if denial of increasing climate losses is a delusion. Making money is very impartial that way. If you're an anti-democracy authoritarian, you want to order Zurich Re to take on risks they don't want to insure at prices they find unacceptable - so you can be fully insured against the folly of your climate denial.