Conservatives may think that climate change is a plot to take away their freedoms but their is one very large and influential group of Americans that know just how serious climate change is...the insurance industry.
And the industry expects the situation will get worse. “Numerous studies assume a rise in summer drought periods in North America in the future and an increasing probability of severe cyclones relatively far north along the U.S. East Coast in the long term,” said Peter Höppe, who heads Geo Risks Research at the reinsurance giant Munich Re. “The rise in sea level caused by climate change will further increase the risk of storm surge.” Most insurers, including the reinsurance companies that bear much of the ultimate risk in the industry, have little time for the arguments heard in some right-wing circles that climate change isn’t happening, and are quite comfortable with the scientific consensus that burning fossil fuels is the main culprit of global warming.
“Insurance is heavily dependent on scientific thought,” Frank Nutter, president of the Reinsurance Association of America, told me last week. “It is not as amenable to politicized scientific thought.”
Yes...scientific thought:)
2 comments:
That was a whole lot of words to say a hell of a lot of nothing.
Especially when it's obvious they're just looking for any plausible excuse to raise rates, and this is the plausible excuse du jour that enough of the public will swallow. Mark and Nikto would normally have a shit-fit over this, but the excuse takes advantage of their biases in such a way that they will fight to defend the insurance companies, of all things. What gullible creatures these Progressives be.
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