To: Sgt_Schultze
The Wall Street Journal recently reported that the value of coastal development in Virginia, North Carolina, and South Carolina has increased $250 billion over the last five years, while the value of flood-insured property has decreased. Of course every storm is going to be a financial disaster!
20 posted on
09/16/2018 2:54:28 AM PDT by
Tax-chick
("Kindness and truth shall meet." Ps. 85:10)
To: Tax-chick
That’s why the correct way to cost storms is by normalizing for growth in the economy and/or insured value. The most expensive storm ever, by 2x, is the Miami hurricane of 1928.
23 posted on
09/16/2018 4:21:38 AM PDT by
palmer
(...if we do not have strong families and strong values, then we will be weak and we will not survive)
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