Insurance company releases report that climate change is increasing exteme weather events
The Earth in its 32-year-old infancy. (Photo credit: Wikipedia)
Anyone see a conflict of interest here? The study also goes back to when time began: 1980. Which means the Earth is only 32 years old, not 4.5 billion. From the "Only USA Today would report such dribble Dept.":
The number of natural disasters per year has been rising dramatically on all continents since 1980, but the trend is steepest for North America where countries have been battered by hurricanes, tornadoes, floods, searing heat and drought, a new report says.
The study being released today by Munich Re, the world's largest reinsurance firm, sees climate change driving the increase and predicts those influences will continue in years ahead, though a number of experts question that conclusion.
Reinsurers such as Munich Re offer backup policies to companies writing primary insurance policies. Reinsurance helps spread risk, so the system can handle large losses from natural disasters.
However, other experts take issue with Munich Re's findings. "Thirty years is not an appropriate length of time for a climate analysis, much less finding causal factors like climate change," says Roger Pielke, a professor of environmental studies at the University of Colorado.
Another reinsurer, Axa, isn't quite sure of the link either: "While a clear upward trend arises from the figure with respect to the number of reported natural events, the attribution of this rise to a climate change signal should be investigated very cautiously," the French company says in its report "Climate Risks" released earlier this month.
Atmospheric scientist Clifford Mass of the University of Washington also has a problem with Munich Re's findings, saying that once the data are adjusted for population there is no recent upward trend in tornado or hurricane damages. Also, he adds that there is no evidence that global warming is causing more extreme weather in the USA.
Anything to jack up your insurance premiums.