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Louise PryorThe risk has been assessed: who will step up to manage it? <a href="https://global-tipping-points.org/risk-dashboard/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://global-tipping-points.org/risk-dashboard/</a><a href="https://mastodon.green/tags/ClimateCrisis" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ClimateCrisis</a> <a href="https://mastodon.green/tags/actuaries" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#actuaries</a> <a href="https://mastodon.green/tags/IFoA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#IFoA</a> <a href="https://mastodon.green/tags/exeteruniversity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#exeteruniversity</a>

Louise PryorA great new paper out from the <a href="https://mastodon.green/tags/IFoA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#IFoA</a> talking about planetary solvency - if the planet was an insurance company it would be going insolvent and the implications for our lives. Basic message: better to be approximately right than precisely wrong <a href="https://actuaries.org.uk/news-and-media-releases/news-articles/2025/jan/16-jan-25-planetary-solvency-finding-our-balance-with-nature/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://actuaries.org.uk/news-and-media-releases/news-articles/2025/jan/16-jan-25-planetary-solvency-finding-our-balance-with-nature/</a><a href="https://mastodon.green/tags/ClimateCrisis" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ClimateCrisis</a> <a href="https://mastodon.green/tags/actuaries" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#actuaries</a>

Coach Pāṇini ®<a href="https://geekdom.social/@FantasticalEconomics" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@FantasticalEconomics</a> A lot of words that aren’t <a href="https://mastodon.world/tags/AdverseSelection" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#AdverseSelection</a>: <a href="https://www.superversive.co/blog/no-renewal-due-to-adverse-selection" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.superversive.co/blog/no-renewal-due-to-adverse-selection</a><a href="https://mastodon.world/tags/Actuaries" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Actuaries</a> are the world’s oldest analyzers of empirical data: <a href="https://www.superversive.co/blog/actuaries-are-the-worlds-oldest-data-scientists" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.superversive.co/blog/actuaries-are-the-worlds-oldest-data-scientists</a>

Louise PryorClimate risks are complex, interconnected, and could threaten the basis of our society and economy. Latest report from <a href="https://mastodon.green/tags/IFoA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#IFoA</a> - joint work from actuaries and climate scientists. Climate Scorpion – the sting is in the tail <a href="https://actuaries.org.uk/news-and-media-releases/news-articles/2024/mar/14-mar-24-climate-scorpion-the-sting-is-in-the-tail/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://actuaries.org.uk/news-and-media-releases/news-articles/2024/mar/14-mar-24-climate-scorpion-the-sting-is-in-the-tail/</a> . We can't rely on the best case, or even on the best estimate of what will happen. We need to have a best guess about the worst-case and make policy on that basis.It's a fantastic report, and a must-read.<a href="https://mastodon.green/tags/climateEmergency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#climateEmergency</a> <a href="https://mastodon.green/tags/uncertainty" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#uncertainty</a> <a href="https://mastodon.green/tags/actuaries" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#actuaries</a>

Chuck Darwin<a href="https://c.im/tags/Actuaries" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Actuaries</a> have issued a call for more <a href="https://c.im/tags/precise" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#precise</a> <a href="https://c.im/tags/climate" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#climate</a> <a href="https://c.im/tags/risk" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#risk</a> <a href="https://c.im/tags/assessments" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#assessments</a>, highlighting the concept of the “🔹risk of ruin🔹,” which refers to a critical juncture beyond which global society might be unable to adapt to the ramifications of climate change.A collaboration between the Institute and Faculty of Actuaries ( <a href="https://c.im/tags/IFoA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#IFoA</a> ) and the University of Exeter has resulted in a report titled 💥“Climate Scorpion: the sting is in the tail,” 💥which makes a case for employing risk management strategies traditionally used in financial services to evaluate and convey the risks associated with climate change.The report advocates for the consideration of “worst-case” scenarios regarding climate change. It also issued a warning that the pace of global warming could be <a href="https://c.im/tags/accelerating" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#accelerating</a>, with the likelihood it could surpass the 1.5°C target becoming increasingly plausible. This could lead to several tipping points, including the <a href="https://c.im/tags/collapse" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#collapse</a> of the <a href="https://c.im/tags/Greenland" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Greenland</a> <a href="https://c.im/tags/ice" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ice</a> <a href="https://c.im/tags/sheets" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#sheets</a>, which could have long-lasting consequences. Unexpected sensitivity to climate change is also a concern, as what is often described as a “<a href="https://c.im/tags/tail" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#tail</a>-<a href="https://c.im/tags/risk" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#risk</a>” might have a higher probability of resulting in significant temperature increases. Methodologies are also now suggesting that a doubling of <a href="https://c.im/tags/greenhouse" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#greenhouse</a> <a href="https://c.im/tags/gas" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#gas</a> concentrations could lead to <a href="https://c.im/tags/temperature" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#temperature</a> rises of 7°C or more. <a href="https://www.insurancebusinessmag.com/uk/news/environmental/policymakers-urged-to-consider-risk-of-ruin-for-climate-481136.aspx" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.insurancebusinessmag.com/uk/news/environmental/policymakers-urged-to-consider-risk-of-ruin-for-climate-481136.aspx</a>

Coach Pāṇini ®<a href="https://mastodon.social/@skry" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@skry</a> Reserving <a href="https://mastodon.world/tags/actuaries" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#actuaries</a> at commercial <a href="https://mastodon.world/tags/insurance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#insurance</a> carriers have been waiting for this data-point to drop for months.

Larry NeufeldCapitalists are in for a nasty surprise if they continue to ignore the <a href="https://mstdn.ca/tags/ClimateCrisis" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ClimateCrisis</a>: The Financial Sector Is Failing to Estimate Climate Risk, Say Two Groups in the UK <a href="https://mstdn.ca/tags/emissions" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#emissions</a> <a href="https://mstdn.ca/tags/investing" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#investing</a> <a href="https://mstdn.ca/tags/ClimateRisk" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ClimateRisk</a> <a href="https://mstdn.ca/tags/actuaries" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#actuaries</a> <a href="https://insideclimatenews.org/news/22072023/the-financial-sector-is-failing-to-estimate-climate-risk-say-two-groups-in-the-uk/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://insideclimatenews.org/news/22072023/the-financial-sector-is-failing-to-estimate-climate-risk-say-two-groups-in-the-uk/</a>

Benjamin Carr, Ph.D. 👨🏻‍💻🧬<a href="https://hachyderm.io/tags/Financial" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Financial</a> <a href="https://hachyderm.io/tags/models" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#models</a> on <a href="https://hachyderm.io/tags/climate" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#climate</a> risk ‘implausible’, say <a href="https://hachyderm.io/tags/actuaries" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#actuaries</a> Lack of understanding of full <a href="https://hachyderm.io/tags/economic" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economic</a> damage caused by ‘hothouse’ conditions, report finds: Financial institutions often did not understand the models they were using to predict the economic cost of <a href="https://hachyderm.io/tags/climatechange" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#climatechange</a> and were underestimating the risks of <a href="https://hachyderm.io/tags/temperature" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#temperature</a> rises, research led by a professional body of actuaries shows. <a href="https://archive.ph/JXpzt" rel="nofollow noopener noreferrer" target="_blank">https://archive.ph/JXpzt</a> <a href="https://hachyderm.io/tags/climatecrisis" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#climatecrisis</a> From the <a href="https://hachyderm.io/tags/FinancialTimes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#FinancialTimes</a>

Wonkette Headline BotLike A Good Neighbor, State Farm Worries Your House In California Will Burn To Cinders <a href="https://www.wonkette.com/insurance-and-the-climate-emergency" rel="nofollow noopener noreferrer" target="_blank">https://www.wonkette.com/insurance-and-the-climate-emergency</a><a href="https://wonkodon.com/tags/Insurance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Insurance</a> <a href="https://wonkodon.com/tags/California" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#California</a> <a href="https://wonkodon.com/tags/State_farm" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#State_farm</a> <a href="https://wonkodon.com/tags/Wildfires" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Wildfires</a> <a href="https://wonkodon.com/tags/Construction_costs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Construction_costs</a> <a href="https://wonkodon.com/tags/Reinsurance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Reinsurance</a> <a href="https://wonkodon.com/tags/Climate_crisis" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Climate_crisis</a> <a href="https://wonkodon.com/tags/Homeowners_insurance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Homeowners_insurance</a> <a href="https://wonkodon.com/tags/Senate_budget_committee" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Senate_budget_committee</a> <a href="https://wonkodon.com/tags/Hamilton_nolan" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Hamilton_nolan</a> <a href="https://wonkodon.com/tags/Eric_anderson" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Eric_anderson</a> <a href="https://wonkodon.com/tags/Aon_plc" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Aon_plc</a> <a href="https://wonkodon.com/tags/Insurance_industry" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Insurance_industry</a> <a href="https://wonkodon.com/tags/Fair_plans" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Fair_plans</a> <a href="https://wonkodon.com/tags/Fair_access_to_insurance_requirements_plans" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Fair_access_to_insurance_requirements_plans</a> <a href="https://wonkodon.com/tags/State_property_insurance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#State_property_insurance</a> <a href="https://wonkodon.com/tags/Florida" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Florida</a> <a href="https://wonkodon.com/tags/Nancy_watkins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Nancy_watkins</a> <a href="https://wonkodon.com/tags/Actuaries" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Actuaries</a> <a href="https://wonkodon.com/tags/Benjamin_keys" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Benjamin_keys</a> <a href="https://wonkodon.com/tags/Capitalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Capitalism</a> <a href="https://wonkodon.com/tags/S" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#S</a>

Coach Pāṇini ®Coverage and premiums against flood insurance in Florida are woke and ESG now.The actuaries said so.<a href="https://www.msn.com/en-ca/money/topstories/desantis-signs-sweeping-anti-esg-legislation-in-florida/ar-AA1aF0TW" rel="nofollow noopener noreferrer" target="_blank">https://www.msn.com/en-ca/money/topstories/desantis-signs-sweeping-anti-esg-legislation-in-florida/ar-AA1aF0TW</a><a href="https://mastodon.world/tags/woke" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#woke</a> <a href="https://mastodon.world/tags/ESG" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ESG</a> <a href="https://mastodon.world/tags/insurance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#insurance</a> <a href="https://mastodon.world/tags/actuaries" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#actuaries</a> <a href="https://mastodon.world/tags/math" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#math</a> <a href="https://mastodon.world/tags/STEM" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#STEM</a> <a href="https://mastodon.world/tags/floodinsurance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#floodinsurance</a>

Coach Pāṇini ®Actuaries are the world’s oldest data scientists. They literally make their living applying the scientific method to the law of large numbers: fucking around and finding out.The result is that insurance premiums price the risk with statistical certainty.You don’t like these rules. Oh, well. Fuck around and find out, then 🤷🏻‍♂️<a href="https://www.theatlantic.com/science/archive/2023/02/coastal-cities-housing-sea-level-flooding-climate-change/673106/" rel="nofollow noopener noreferrer" target="_blank">https://www.theatlantic.com/science/archive/2023/02/coastal-cities-housing-sea-level-flooding-climate-change/673106/</a><a href="https://mastodon.world/tags/housing" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#housing</a> <a href="https://mastodon.world/tags/insurance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#insurance</a> <a href="https://mastodon.world/tags/actuaries" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#actuaries</a> <a href="https://mastodon.world/tags/floodplains" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#floodplains</a> <a href="https://mastodon.world/tags/climatechange" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#climatechange</a> <a href="https://mastodon.world/tags/middleclass" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#middleclass</a> <a href="https://mastodon.world/tags/datascience" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#datascience</a> <a href="https://mastodon.world/tags/FAFO" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#FAFO</a> <a href="https://mastodon.world/tags/scientificmethod" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#scientificmethod</a>

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