Climate worries insurers and military | Climate News Network
▻http://www.climatenewsnetwork.net/2014/05/climate-worries-insurers-and-military
By Alex Kirby
Powerful voices in finance and the armed forces raise concerns about the risks of increasingly extreme weather events causing billions of dollars of damage and potentially igniting humanitarian disasters and regional conflicts
LONDON, 15 May − The risks associated with climate change have got some very important people worried − the people who pick up the bills, and those who clear up the mess or try to prevent it happening.
http://www.climatenewsnetwork.net/wp-content/uploads/Navy__assist_with_Hurricane_Sandy_clean-up..jpg The world’s biggest and oldest insurance market, Lloyd’s of London, has published a report that urges insurers to include climate risks in their models. It says: “Scientific research points conclusively to the existence of climate change driven by human activity.
“Nevertheless, significant uncertainty remains on the nature and extent of the changes to our climate and the specific impacts this will generate. Many of the effects will become apparent over the coming decades and anticipating them will require forward projections, not solely historical data.”
Quoting the Munich Re insurance group , the World Bank says damage and weather-related losses around the world have increased from an annual average of $50bn in the 1980s to nearly $200bn over the last decade.