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That's called weather, dummy.Climate Change Is Forcing the Insurance Industry to Recalculate
Insurers are at the vanguard of a movement to put a value today on the unpredictable future of a Warming planet
By Bradley Hope and Nicole Friedman
Produced by Jess Kuronen and Tyler Paige
Wall St Journal Oct. 2, 2018
Climate Change Is Forcing the Insurance Industry to Recalculate
When a wildfire engulfed the Canadian oil-sands boomtown of Fort McMurraytwo years ago, it hit insurance company Aviva PLC out of nowhere.
The British firm had been active in Canada since 1835. Its actuaries long believed wildfire risk to homes in the area was almost nonexistent, it says. Yet flames on the town’s outskirts roared across an area larger than Delaware, forcing 100,000 people to evacuate and leaving insurers with $3 billion in damages to cover.
“That is not a type of loss we have experienced in that part of the world, ever,” says Maurice Tulloch, the Toronto-based chief executive of Aviva’s international insurance division. “The previous models wouldn’t have envisioned it.”
Aviva studied the incident and concluded the wildfire was an example of how the earth’s gradually warming temperature is changing the behavior of natural catastrophes. Aviva increased premiums in Canada as a result.
[......]
The price of homes on the U.S.’s eastern seaboard battered by fiercer storms and higher seas is lagging behind those inland.
The price of farmland is rising in North America’s once-frigid reaches, partly because of bets it will become more temperate. Investors are turning fresh water into an asset, a wager in part that climate change will make it scarcer.
Insurers are at the forefront of calculating the impact. “We don’t discuss the question anymore of, ‘Is there climate change,’” says Torsten Jeworrek, chief executive for reinsurance at Munich Re, the world’s largest seller of reinsurance—insurance for insurers. “For us, it’s a question now for our own underwriting.”
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Keeping you honest is a full time job. I usually don't need more than a sentence or two to do it.That's seven posts/Trolls in six threads (in 10 mins) you Obsessively STALKED.
I generally just ignore and use them now when I want to bump up my threads.
You're a ONE LINE TROLL, but again good for looking like my posts are replies instead of blogging.
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I do not.Keeping you honest is a full time job. I usually don't need more than a sentence or two to do it.
Why do you keep arguing weather events are climate?
You are constantly arguing weather events are signs of climate change. That's arguing weather is climate, dummy.I do not.
However sea level rise will MAKE weather events into persistent Climate ones.
If you want to complain about misuse of Weather Events I suggest you speak to Skookerasball and ALL his threads, including his 9 YEAR (backwards) BLOG, "skeptics are winning" which is almost exclusively weather.
But you are a DISHONEST little Whacky Hypocrite TROLL.
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Denier!!!Naval Station Norfolk—the largest naval installation in the world—is projected to face 4.5 feet to nearly 7 feet of sea level rise this century.
Sounds serious!!!!
If we buy $2 trillion worth of windmills, how much will the sea level rise?
The Global economy was not shut.Shutting the global economy in 20-21 didn't move the needle on CO2
Fuck him militarizing your fake fucking "science"
There were so few cars on the roads in 2020, office buildings were empty, shopping online increased dramatically....and CO2 moved upThe Global economy was not shut.
You still had Power? Ate processed foods (trucked in)? Drove your car?
Wore the hell out of your computer and TV set.
Our livestock still producing GHG Methane
etc, etc, etc
IAC, call it HALF the usage (which would probably still Increase GHGs).
CO2 PPM might go from 410 to 408. MIGHT, in one year.
That will not change the Temp.
It does not start at Zero every morning/week/year.
You are by far Thee Stupidest person on this message board and have voiced this IDIOCY at least a dozen times.
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There were so few cars on the roads in 2020, office buildings were empty, shopping online increased dramatically....and CO2 moved up
Your stupid man madeup global climate warming change theory fails at so many levels.
The AGW Cult has never once demonstrated any statistically significant "warming" from increasing CO2 from 280 to 400 PPM
Your predictions never materialize
All you have is the constant Global Climate drum beat of American hating press and Globalists who seek to destroy America
TRUMP AND THE MILITARY ARE AT ODDS ON CLIMATE CHANGEpolarbear said:
Ridiculous! Obama was at odds with the military and ordered it (Executive Order 13653 of November 1, 2013) to comply, declaring climate change a "national security threat".....while Iran and North Korea were going nuclear, China and Russia were upgrading their armaments and he decimated the US military readiness. -
So let`s see who was at odds with the military shall we?
The Obama era is over. Here's how the military rates his legacy
More than half of troops surveyed in the latest Military Times/Institute for Veterans and Military Families poll said they have an unfavorable opinion of Obama and his two-terms leading the military
Their complaints include the president’s decision to decrease military personnel (71 percent think it should be higher), his moves to withdraw combat troops from Iraq (59 percent say it made America less safe) and his lack of focus on the biggest dangers facing America (64 percent say China represents a significant threat to the U.S.)
Click to expand...