The 2011 hurricane season in review

[pokerfan]

Video at the link. An excellent recap of one of the most active seasons in history.





http://earthsky.org/earth/2011-atlantic-hurricane-season-in-review

[spin]

1. Six years with no hurricanes but Florida's insurance rates climb ...

Why are Florida insurance premiums rising despite six hurricane-free years?
December 02, 2011|Julie Patel, Sun Sentinel

This week marked the end of hurricane season and six years without a direct hurricane hit for Florida. But many home insurance premiums in the state are still rising.

What gives?

Insurers say they have to save up when hurricanes don’t hit so they have enough money to pay claims when they do and make a fair profit.
http://articles.sun-sentinel.com/2011-12-02/features/sfl-insurance-premiums-no-hurricanes-20111202_1_insurance-premiums-hurricane-free-years-claims-paying-reserves

[pokerfan]

2. it's a profit deal (Steve Martin, The Jerk)

Hurricane hits, insurance rates go up. Hurricane doesn't hit, insurance rates go up.

[spin]

3. Hurricane hits in Texas. Florida rates go up. Hurricane hits Bermuda, Florida rates go up.

Hurricane hits Florida, Florida rates skyrocket!!!

Yup, it's a racket.