The BFD | The Insurance Industry and Climate Con Nonsense

Arthur

It just never stops. Climate con inspired nonsense is being used by the insurance industry to price gouge us even more after another ‘new research’ in the plethora of ‘new researches’ to which we are continually subjected. According to a Stuff article also appearing in its paper propaganda arm The Dominion-Post we have:

Homes to start losing access to insurance within 15 years – report

Naturally, after the clickbait headline it then comes down inevitably to money:

Homes on parts of New Zealand’s coast will begin losing access to affordable insurance within 15 years, according to a stark new report.

Gosh, it’s not only a report but a stark one to boot. There is nothing like journalist inspired drama.

By 2050, at least 10,000 homes in our biggest cities will be effectively uninsurable, however spiking premiums and policy exclusions could start being felt as soon as a decade from now, it concluded.

The source of the study is of course a vested interest involved in the insurance and climate con industries in some outfit called The Deep South National Science challenge.

Wellington will be hit first, and Christchurch hardest, but all four major cities will be affected, according to new research led by climate and insurance specialist Belinda Storey for the Deep South National Science Challenge.

A quick look at The Deep South website reveals among other earnest spin:

Our Kahui Maori provides the Governance Board and Science Leadership Team with strategic advice and input into our science strategy and priorities, and helps with the assessment of science quality, performance and responsiveness to iwi, hapu, whanau and Maori business goals.

That turgid twaddle alone tells me it’s likely some woke socialist UN agenda outfit pushing agenda 2030. Back to the Stuff article;

In Wellington, just 12cm of sea level rise could see average premiums more than quadruple for about 1700 homes, the report estimates – if insurers fully priced the increased risk into policies.

Hold on. Where does this 12cm rise come from and how accurate is this ‘scientific’ speculation?

Rising sea levels boost the top range of storm surges, letting them reach further inland, meaning just 10cm of sea-level rise in Wellington will make a flood that might have occurred once every 100 years a one-in-20-year occurrence.

They positively state a 10 cm rise will change flooding from one in a hundred to one in twenty years occurrence based on what exactly? Speculation it seems, revealed by ‘estimates’. Their website mentions ’modelling’ so it’s all based on dodgy computer modelling. Excellent, we are going to be gouged more because of dodgy computer models. We also have a university and NIWA involved so you know a good dose of socialism mixed in with climate con is involved.

“We expect the true number of homes facing coastal insurance retreat to be higher, and the number on our inland floodplains to be far higher,” the report says. Victoria University’s Sally Owen and Ilan Noy and Niwa’s Christian Zammit co-authored the research with Storey.

It appears we are being softened up for a massive premium rise.

In Auckland, 540 homes were identified as being in the risk zone. Their insurance premiums to cover flooding would be five times as large as today (reaching $10,000 a year) after 15cm of sea level rise, if insurers fully priced the increased risk into policies, the report found.

Now $10,000 a year for most people with mortgages and struggling in our low wage economy will be unaffordable. Essentially climate con speculation and hysteria is going to price people out of insurance and ergo out of some areas as they’ll be unable to get mortgages and this will contribute to the housing crisis. This is going to create a social disaster in housing like nothing seen in this country before and it’s all based on a climate con that is based on an unproven theory, beliefs by some influential people, dodgy influenced science, unreliable computer models and the shrieks of environmental communists.

Then we get:

The report doesn’t map affected neighbourhoods, because the quality of flood risk data was inconsistent, Storey said.

So the data quality is rubbish but they’ll all scare everyone based on that rather than get the ducks in a row. Later we get:

The report uses elevation data, land information records and Niwa modelling of extreme sea levels to draw its conclusion.

So there we have it. Climate con 101: hype and exaggeration. A scare story not only based on dodgy modelling but the extreme sea levels speculation just for good measure and drama. Now historically, all climate modelling and speculation based on that since 1990 has been 100% wrong 100% of the time.

There is no reason to believe any of this doom porn dross. Now I accept there has been a slight warming since the start of the ending of the Little Ice Age in 1850 and a slight sea-level rise but there is no empirical evidence supporting drastic rates of rise. Most of this sea-level nonsense comes from satellite measurements, which according to Real Climate Science:

Satellites have lots of issues with taking mm level sea level measurements. The ocean surface is very rough, satellite orbits decay, and satellite measurements frequently have an error nearly as large as the trend.

The Insurance Council’s Tim Grafton…….agreed with Storey that New Zealand should not be allowing new development in risky areas –something that is still happening.

Well, if it’s so bad why are councils allowing it? Since Wellington City Council has bought into the climate con and rising sea levels as historically stated, why have they proposed the $350 million Shelley Bay development about 2-3 metres above sea level? What about the concentrated development just built on Lyall Bay seafront about 2 metres above sea level? What about the apartments proposed in Kilbirnie near Pak n Save and the near-completed ones near Westpac Kilbirnie: all on low lying land?

All uninsurable it seems.