Friday, June 02, 2023

The End Of The World As We Know It?


How long before the following comes to a Lake Country and/or Fraser Canyon Town near you and me?

State Farm has stopped accepting homeowner insurance applications in California, citing the growing risk from catastrophes like wildfires and the rising cost to rebuild.

"State Farm General Insurance Company made this decision due to historic increases in construction costs outpacing inflation, rapidly growing catastrophe exposure, and a challenging reinsurance market," the insurance giant said in a statement on Friday (May 26th)...

Video at the top of the post?...Still one of my favourite covers of the old REM 'The L.B. people are everywhere!' tune from the pre-monetizationgorithmic days of Youtube...
Speaking of Tubes...I have returned to Lotusland from that city on the St. Lawrence...More on that later...



Keith said...

I can see a time where there will be additional premiums and restrictions on building insurance, it’s a revenue stream that is too good to miss. The bigger problem that stands out to me (after spending 25 years in construction in Europe and Canada) which isn’t addressed is the methods and materials used in much of N. American housing. At present our insurance companies haven’t hit critical revenue in, revenue out yet, but it will.

Methods being – the glorification of any old crap as long as it’s cheap, quick and looks good from a distance. Building these firetraps out of glue, woodchips, wood and covering the structure in plastic, then putting on tar based roofs. What could possibly go wrong.?

Is it not time that all levels of government seriously look at mitigating climate related disasters and municipal building codes reflect the new reality that a fire can wipe out a whole town in the time it takes to say a whole town, and use materials and methods to minimize the effect of fire and floods on all buildings, not just critical infrastructure such as fire halls and municipal buildings..?

Meanwhile in Phoenix Arizona, they are slowing growth due to water supplies.

Evil Eye said...

I see the same happening in Canada and BC.

As Kieth has previously said, our housing is not being built to suit the environment.

Houses should have a brick or cement first story and metal roofs. Creeks or small rivers, should have overflow channels around towns to take the extra water if need be. These could be linear parks.

We need "fire-watcher" in areas of high fire risk and flying squads with equipment to tackle small fires before they become major conflagrations.

Government has done nothing in the firm belief that the carbon tax will stop Global Warming and its associated by-products.

The NDP are in complete denial over global Warming and like the federal Liberals use it as an excuse for more taxes.

Danneau said...

Welcome back from that city on the St. Lawrence which seems to compel you to return to the Golden Palace of Grant Begging on a regular basis. I think I like that city, but going for business rather than bistro seems cruel, as does anything that requires passing through the portals of an airport and sitting for several hours in an aluminum cigar tube (back in the day, I actually smoked a few of those Cuban smoke bombs, and so have a special take on the metaphor). There must be a better way to issue grants, and perhaps if we stopped financing those end-of-the-world pipelines and F-35 economy-sized cigar tubes, there might be a few sous floating around for long-term stable financing of worthy research. Hendrix in 1967---"You'll never hear surf music again."
Meanwhile, Stephen Bruton left us this before he made it out the door some time back (2009?)
(The Clock)

e.a.f. said...

the insurance companies may not increase the over all .premiums but start charging for items they didn't charge for previously.

Received the bill for renewing house and content: two new catagories which were previously included, sewer back up and cross land flooding. Wonder how much that is going to be. Living in Nanaimo and previously in Comox Valley, never had that happen, but some one is expecting it to or just found a way to increase premiums without increasing them.

singers at the top are fun!

Houses are built as quickly as possible to make the most money possible.

In areas where there are regular natural disasters, fire/flood, etc. codes need to be changed so that the homes have a 'fighting" chance of surviving the event. Might be a good idea to declare some areas, "no build" home zones.

Some areas in the U.S.A. build houses on stilts and it makes perfect sense. On the other hand, some homes have been rebuilt at government expense over and over again. I'm sure the same will happen in Canada.

Climate change is expensive once your infrastructure and homes start burning. Had there been some sort of pre planning, the outcome could have been less impactful. i.e. Lytton, we all knew it had the highest summer temps for decades. Might have been a good idea to have done some pre fire work, i.e. metal roofs, sprinkler systems on roofs and yards, change landscaping. Not using vinyl siding on homes--it melts then the house catches on fire.

This climate change thing isn't going away. For those who think it has nothing to do with the enviornment and human activity. O.K. but the climate has changed in areas when there were a lot less people on the planet. Sometimes civilizations disappeared because the rains failed to come.

As one of the siblings used to say, if you're buying a house by an ocean, lake, river, creek, make sure you buy the place with disposable income.