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FUKUSHIMA earthquake and tsunami thread and aftermath


geezer466
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http://uk.reuters.com/article/2011/03/11/uk-japan-quake-insurers-idUKTRE72A6QF20110311

Looks like the Japanese printing presses will be busy as the states going to pick up the tab for this.

Is there a cultural reason why insurance take up amongst Japanese households is so low? Or is it because the premiums are so high people can't afford it?

Just guessing, but maybe many Japanese households have enough in savings in the postal bank or JGBs that insurance just doesn't make any sense.

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Firstly, very very sad. my best wishes to everyone touched by this cruel natural disaster.

i would, however, like to point out something very interesting re this site.

//

We are somthing special here at hpc. dont ever foget it. maybe its because some members spend all day glued to news outlets, maybe its bacause fools get ousted pretty quick, maybe its bacause similar minds have been thrown together in a world where it seems like the lunatics have assumed control. whatever it is, if i want to know the facts on anything, at any time..... i go straight to hpc.

Brought a tear to my eye that.

This is a great site. One of those 'the whole is greater than the individual parts'.

It is knowledge. It is rigour. It is fun.

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Firstly, very very sad. my best wishes to everyone touched by this cruel natural disaster.

i would, however, like to point out something very interesting re this site. I spent most of the day glued to all news outlets my 3 tvs and 100mb/s connection could provide me.. and where did i keep returning to to find the latest, most informed news? Here. We are somthing special here at hpc. dont ever foget it. maybe its because some members spend all day glued to news outlets, maybe its bacause fools get ousted pretty quick, maybe its bacause similar minds have been thrown together in a world where it seems like the lunatics have assumed control. whatever it is, if i want to know the facts on anything, at any time..... i go straight to hpc.

tbh honest, the whole hp thing is irrelevant to me now for reasons i wont go into, but i just wanted to remind you all of the knowlegeable, informed and generally decent community that we are all a part of

Well said.

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You don't think an (ongoing) event like this has the potential to affect the UK economy?

How about Lloyd's of London, Lloyd's is the world's leading insurance market providing specialist insurance services to businesses in over 200 countries and territories.

They have a Regional Office in Japan.

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Looks like a horse jumping course (not a children's play area) and I can't see any people in it

or a dogs ? (ramp ) ..looks empty to me too !

There are four trains missing ..all commuter ,,,,, this is awful

Edited by Tankus
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How about Lloyd's of London, Lloyd's is the world's leading insurance market providing specialist insurance services to businesses in over 200 countries and territories.

If anything the insurance market is likely to benefit from this, it is actually quite competitive, most of the time rates trickle down to the point where somebody takes a dump on the risk they have taken on, the rates get reset by the remaining players and off they go on a slow downward grind down again over the years following. Big sums are reisnured through the likes of Swiss Re, so if anything like a catastrohpe occurs then they could get hit the worst - though they themselves would raise reinsurance rates in the following years to claw back losses. A lot of the time the increased insurance costs are directly related to inflation as the replacement cost / medical costs / whatever are going up all the time. It could almost be considered an inflation immune sector - until pepole cannot even afford to insure the cost of goods they already have!

Edited by OnlyMe
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radiation is now a 1000 times over normal , just risen from 8 times ...evacuation zone is now being extended to 6 miles pressure at the core is now twice normal

this may end as a 3 mile island rather than Chernobyl as long as they don't get a hydrogen explosion blowing containment ....

Scary stuff

Edited by Tankus
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Brought a tear to my eye that.

This is a great site. One of those 'the whole is greater than the individual parts'.

It is knowledge. It is rigour. It is fun.

Well said.

Thanks - I guess my point is this......

It is a sad state of affairs when one's prime source of educated, informed news and discussion is NOT the MSM but rather a collection of people who have nothing more in common than a shared interest in a reduction of house prices.

Seriously, does anyone know of any other source that published information quicker and more accurately than here??? I assume mumsnet was full of hugz, the stinking pig (is it still going) was presumably discussing the problems of keeping twigs in vases in an 8.9 erthquake?!?

Im guessing that there are speciality geology/seismolgy forums discussing the technicals, Nuclear reactor forums discussing that particular nightmare, a lot of finance forums discaussing the impact on yen futures etc? BUT does anyone know of another forum that informs in such a way as HPC, without gushing sentiment (mostly), without absolute BS (THE WHIRLPOOL IS A VORTEX TO HELL), without a hidden agenda, without nutjob conspiracy theories (this place is improving - nobody has mentioned the NWO earthquake weaponry yet)!! Without political, racist, or religeos agendas??? Seriously - it is crazy that this place.....full of crazies.... full of angries..... full of the wierdo, non-conformist scum of the earth that most people think us to be ....... is the single best place on the internet to get the full picture of anything.

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Changing the subject slightly, I have always felt that HPC needs a patron charity - even if its nothing more than a "schadenfreude" box that we all have to donate to whenever we revel in the glee of failure of another over borrowed greed turd. "Shelter" would seem to be the natural choice, but they keep banging on about the benefits of shared ownership etc etc - it feels like theyve been infiltrated by some evil VI!

I dunno - but if a mechanism emerged - I'd donate something to those poor b'tds in jpn right now.

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radiation is now a 1000 times over normal , just risen from 8 times ...evacuation zone is now being extended to 6 miles pressure at the core is now twice normal

this may end as a 3 mile island rather than Chernobyl as long as they don't get a hydrogen explosion blowing containment ....

Scary stuff

Saw elsewhere the pressure is/was 2x the design pressure at one stage (not sure if same plant/reactor?), good job it wasn't designed by a bunch of bankers, it would have popped at 1/10 the pressure, also this, looks like far from out of the woods.....

http://www.businessinsider.com/fukushima-nuclear-plant-2011-3#ixzz1GKaz31Vq

Edited by OnlyMe
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Thanks - I guess my point is this......

It is a sad state of affairs when one's prime source of educated, informed news and discussion is NOT the MSM but rather a collection of people who have nothing more in common than a shared interest in a reduction of house prices.

Seriously, does anyone know of any other source that published information quicker and more accurately than here??? I assume mumsnet was full of hugz, the stinking pig (is it still going) was presumably discussing the problems of keeping twigs in vases in an 8.9 erthquake?!?

Im guessing that there are speciality geology/seismolgy forums discussing the technicals, Nuclear reactor forums discussing that particular nightmare, a lot of finance forums discaussing the impact on yen futures etc? BUT does anyone know of another forum that informs in such a way as HPC, without gushing sentiment (mostly), without absolute BS (THE WHIRLPOOL IS A VORTEX TO HELL), without a hidden agenda, without nutjob conspiracy theories (this place is improving - nobody has mentioned the NWO earthquake weaponry yet)!! Without political, racist, or religeos agendas??? Seriously - it is crazy that this place.....full of crazies.... full of angries..... full of the wierdo, non-conformist scum of the earth that most people think us to be ....... is the single best place on the internet to get the full picture of anything.

I think you should start a separate thread on this.

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I've looked. The Red Cross website says Japan isn't calling for international assistance right now.

It will take more than the Red Cross to give assistance, when the situation settles and the damage is accurately assessed it will need a Global effort to rebuild as Governments all over the Globe will have to make a contribution to the rebuilding. To date I believe this will be the worse disaster in modern times ever to happen across the World. :(

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I think you should start a separate thread on this.

Could do, but whats the point?

There are 54 people reading this thread right now.

54 poeple out of approx 1,000,000,000 who speak english.

Right now, those 54 people, are telling me everything I need to know. People whos opinions I want to hear - People who I know are intelligent and sound.

Thats a pretty exclusive club!

I wouldn't want to risk polluting it!

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Charlie, more on the insurance front.

Looks like underinsured - known risk, higher premium on that risk and quite a bit of government/local measures. Catastrophe cover is one of those areas where it would make sense to actively seek foreign company "ownership" of your problems - if you can afford the cover at a reasonable price - if a natural disaster hits you don't want to be hit by that and financially crippled and not be able to recover from it. Japan can afford this easily - especally when central banks just print any money they want (which they can get away with when all are doing it) - not that their public will be able to.

http://online.wsj.com/article/BT-CO-20110311-714648.html

Japan Disaster Shows Coverage Gaps, But Quake Still Costly For Insurers

By Erik Holm

Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--Despite the massive destruction caused by Friday's earthquake and tsunami, the global insurance market won't bear the heaviest burden when rebuilding begins because Japanese homeowners and businesses have been reluctant to buy insurance to cover all of their potential losses.

The cost will be borne more by the government and citizens of Japan, making the recovery process more arduous than it would be on other developed nations. Still, the massive scope of the disaster will mean the portion covered by international insurers will be well into the billions of dollars--and will likely be one of the most expensive earthquakes in history.

Fewer than half of Japanese homes have earthquake protection, and the policy limits are often well below the cost of rebuilding a dwelling, experts on the Japanese insurance market said. Much of the coverage is backed by a government-supported pool, called Jisai, instead of being passed off to the global reinsurance market, which protects insurers from large losses.

Still, some home insurance in Japan is sold through cooperatives called kyosai, where agricultural groups, unions or other organizations arrange the coverage for their members. Kyosai buy backup protection from companies based outside Japan, unlike the rest of the home-insurance market.

Edited by OnlyMe
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Christ this Nuclear power thing pisses me off!

It's practically a "get out of jail free" card for our energy needs FFS. Just put the SCRAM facilities in place (seems to have been done) and make sure you can cool the F***er while it shuts down! NOT ROCKET SCIENCE! Just cool it! We've been cooling things since the indusdrial revolution! Low Tech! Costs a bit more money, but if you live on a fault line isnt it worth investing that bit extra? If its uneconomical - then just build it to a size that MAKES it econimical! I'm thinking

Water + Liquid Nitrogen

Above

Control rods

above

reactor

As we all know here - gravity is your friend when TSHTF

Edited by sbn
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Christ this Nucler power thing pisses me off!

It's practically a "get out of jail free" card for our energy needs FFS. Just put the SCRAM facilities in place (seems to have been done) and make sure you can cool the F***er while it shuts down! NOT ROCKET SCIENCE! Just cool it! We've been cooling things since the indusdrial revolution! Low Tech! Costs a bit more money, but if you live on a fault line isnt it worth investing that bit extra? If its uneconomical - then just build it to a size that MAKES it econimical!

Not having 100% (ok I know nothing is 100%) backup power seems pretty inexcusable considering the location. An industrial turbine is compact and reliable, a sealed fuel store which is capable of being re-fuelled shoudl do it, unless all your power connections are severed - but they should be able to be jury-rigged within a few hours.

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...apologies if this has been posted already..... :unsure:

Article:

Will March 19 'Supermoon' Trigger Natural Disasters?

Date: 09 March 2011 Time: 04:14 PM ET

463876main_LRO_farside.jpg?1294440831

On March 19, the moon will swing around Earth more closely than it has in the past 18 years, lighting up the night sky from just 221,567 miles (356,577 kilometers) away. On top of that, it will be full. And one astrologer believes it could inflict massive damage on the planet.

Richard Nolle, a noted astrologer who runs the website astropro.com, has famously termed the upcoming full moon at lunar perigee (the closest approach during its orbit) an "extreme supermoon."

When the moon goes super-extreme, Nolle says, chaos will ensue: Huge storms, earthquakes, volcanoes and other natural disasters can be expected to wreak havoc on Earth. (It should be noted that astrology is not a real science, but merely makes connections between astronomical and mystical events.)

http://www.space.com/11084-supermoon-earthquake-storm-natural-disasters.html

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