How are insurance companies and the Pentagon reacting to the impact of global warming?
May 17th, 2009 | by Rick |
doesntexist asked:
I would appreciate if anyone at all could lead me to articles, sites, etc. that would provide information on the following question: How are insurance companies and the Pentagon reacting to the impact of global warming?
If a source is not available, then a good explanation will also be much appreciated.
OSVALDO
I would appreciate if anyone at all could lead me to articles, sites, etc. that would provide information on the following question: How are insurance companies and the Pentagon reacting to the impact of global warming?
If a source is not available, then a good explanation will also be much appreciated.
OSVALDO
7 Responses to “How are insurance companies and the Pentagon reacting to the impact of global warming?”
By BASIL on May 17, 2009 | Reply
LEMUEL
Lots more ads for flood insurance. Soon they won’t offer it at all. They will determine by where you live whether or not you are a high risk. There aren’t many places left that aren’t.
By CAREY on May 18, 2009 | Reply
JOHNNIE
Insurance Companies are raising rates in area they think will be effected by GW. The Pentagon is looking to get out of the way. Closing bases in low lying areas. Insurance companies are looking for better answers and models. Even California is helping them. I have had several at GW classes at PG&E.
Check out CoolingEarth.org to learn more about GW.
By DALTON on May 20, 2009 | Reply
SPENCER
Insurance companies are canceling policies within 200 miles of the coast. The New York Times had a recent article on this. The Pentagon is more concerned with conflicts that may erupt over water or food shortages or other problems related to global warming, especially in already sensitive areas like Pakistan, India, China and much of Africa.
By OMAR on May 20, 2009 | Reply
OTTO
in fact, US Congress has reacted on the issue
Look in to see what the govt thinks officially
By TROY on May 22, 2009 | Reply
WARREN
The Pentagon is very concerned that global warming will cause competition for scarce resources and instability. Check out this report.
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Insurance companies are just starting to try to figure out exactly how this will affect them.
One concern is the commercial liability business. What happens when a coal company is sued for global warming damage caused by burning coal? Could such a suit be successful? It’s unlikely now, but in 20 years?
By LOYD on May 23, 2009 | Reply
CODY
Global warming hasn’t had much impact yet, but they are no doubt monitoring the situation with some concern.
When I was in university, I saw a presentation from a consulting engineer who was asked to write a report on global warming for an insurance company even though this was well out of his field. He looked at historical temperature records and superimposed a 6 degree rise over 100 years on the end of that. The rate of rise was so steep that it was difficult to conceive that it was the continuation of a pattern that had already started. That was in the 90’s and the case for AGW has improved slightly since then.
I think large organisations sometimes use consultants outside the field to assess things like global warming because of the perception that people in the same field know each other and have common vested interests.
By ROMAN on May 26, 2009 | Reply
DWAYNE
They have taken out great big Insurance policies paid by the tax payer just in case the roof at the pentagon or any other official building is covered.Unlike the poor people of New Orleans who are going through nightmares.Have a good look at things Bush man has done for the world.