Testing the mood of insurance companies against Climate Change
Watching the past and present ‘behavior’ of the stock market then trying to predict its future behavior is (without trying to sound hyperbolic) mindboggling difficult. Lots of bucks along with much expert and non-expert prognostications go into predicting the market, which seems hell-bent on being unpredictable. Searching for a successful formula to make a profit on the market is like trying to cheer up a moody adolescent with candy. It could work, but I wouldn’t bet on it. Like the stock market, which tries to predict the future of wealth, insurance institutions try to predict the future of financial risk. That’s why I find this new study-- Economic losses from US hurricanes consistent with an influence from climate change , in Nature Geoscience--so interesting. The author of this study claims that insurance losses due to hurricanes mean that Climate Change is sending us a clear message. “The study claims that the extra costs in recent decades do not just stem from more homes, busines...