hamburger wrote:i have probably found the best and easily understandable information re. global warming on the "lloyd's of london" website - see link at bottom ....
LLOYD'S OF LONDON
hbg, thank you for your link.
Just a remark: your link says this in bold
"Fact: Last year, natural catastrophes killed 97,000 people and cost the insurance industry $83 billion - more than ever before"
I found this kind of statement doubiously misleading and once again, I raise the question of
conflict of interests. Common sense would say : you can't use absolute cost but only normalised cost ! World GDP has increased by more than 1600% in one century, meaning that the average home is way richer "than ever before", so with more things to be damaged "than ever before" but also with premium prices for insurance company higher "than ever before".
My mother would say don't trust the realter explaining the cracks in the wall of your future home, trust an independant carpenter. So I wouldn't trust the insurer for climate change impacts questions.
And if I read a risk assessment expert, I would hear
quite another voice.
Here are some conclusions of a
workshop on "climate change and disaster losses" sponsored by Munich Re and organized in Germany. Not really something to get hysterical about isn't it ? (except if you want to squeeze out more bucks from the insurees)
Quote: (emphasis mine)
11. Because of issues related to data quality, the stochastic nature of extreme event impacts, length of time series,
and various societal factors present in the disaster loss record, it is still not possible to determine the portion of
the increase in damages that might be attributed to climate change due to GHG emissions
12. For future decades the IPCC (2001) expects increases in the occurrence and/or intensity of some extreme
events as a result of anthropogenic climate change. Such increases will further increase losses in the absence of
disaster reduction measures.
13. In the near future the quantitative link (attribution) of trends in storm and flood losses to climate changes
related to GHG emissions is unlikely to be answered unequivocally.