HURRICANES - Insurers Rethink Risks

For climate change deniers and others who doubt, there is very significant information in this Newshour article.

Significant excerpt

ROBERT HARTWIG, Insurance Information Institute: We are seeing an increased frequency in the number of natural disasters, roughly tripled or quadrupled since 1980, and the costs have doubled, tripled and quadrupled as well.

"Climate Change Causes Insurers to Rethink Price of Risk After Hurricane Sandy" PBS Newshour 11/21/2012

Excerpt

SUMMARY: The insurance industry looks at historical data, old and new, in order to assess the risk for potential disasters and put a price on premiums. But when Sandy hit the Northeast, some insurance companies reconsidered if they priced insurance high enough for the greater risks brought on by climate change. Paul Solman reports.