Tag Archives: insurance climate change

GlobalWarmingisReal contributor Anders Hellum-Alexander wraps-up and comments on the climate and environmental news headlines for the past week: It was great to hear Obama wax poetic about climate change last week – but a lot of his climate plan involves things he is already doing and it seems that he hopes that Congress can somehow pass meaningful legislation, good luck with those lame ducks. Even if Obama successfully …

This NRDC video discusses the costs of extreme weather events, which in 2012 totaled one percent of the nation’s gross domestic product. Insurance companies are “under water” in more ways than one and the US taxpayer ended up paying what is essentially a “climate disruption” of 2.7 percent more than the total collected in sales taxes for 2012.

Eleven extreme weather events took place in the US in 2012. Each left at least $1 billion in damages in their wake. Besides the cost in human life, Superstorm Sandy left behind some $50 billion in economic losses, along with insured losses by property & casulty (P&C) insurers in the tens of billions of dollars. US insurance companies are well aware of the rising …

Climate change deniers hold steadfastly to their belief that human activity isn’t accelerating global warming and climate change. The world’s insurers aren’t waiting around for some universal consensus. Having seen, and in many cases paid compensation for, the damages caused by increased extreme weather events have been having around the globe, they’re taking action both on the asset and liability sides of their balances …