...The report says that the scarcity and high cost of wind insurance has delayed some business investments in the Gulf States region since the 2005 hurricanes, but that the overall effect on the region is hard to assess because higher insurance premiums may have in part redirected economic activity to lower risk areas. Half the lenders interviewed for the study said they were aware of delayed or cancelled business projects in 2006 because of high insurance prices or the unavailability of insurance.
RAND Corporation Press Release
The 12 page study is available here.
And that is how real markets work. You plays, you pays. I'll be back with the most positive idea for carbon markets that I've found to date.