Winter Storms with Hurricane Impact

February 18, 2014

It should be added that recent droughts in the west have had Katrina-like costs.

4 Responses to “Winter Storms with Hurricane Impact”

  1. vierotchka Says:

    I think he confuses losses with absence of gains.

    • Phillip Shaw Says:

      Revenue that you expected to get, but didn’t, is a loss. For example, if you expect to get your paycheck, but your company folds – that’s a loss for you. Clearer now? You’re welcome.


      • You mean like expecting it to rain? Or expecting it not to flood? Or expecting crops instead of withered stalks or submerged plants? Yes. That’s a loss and an absence of gain. We seem to be getting a lot of that these days with judging from mounting insurance claims and losses

      • vierotchka Says:

        But I didn’t lose any revenue I already had, the expected revenue that I didn’t get was not subtracted from my bank account – I didn’t lose, I simply didn’t gain more.


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