Insurers See Growing Risks from Climate Change

In 2011 there were 14 natural disasters in the U.S.A, the most ever known.

In the United States, when it comes to discussion on climate change, the public being mainly take the conservative line and believe it is all a conspiracy theory dreamt up by Scientists seeking more money for grants or from Greens or liberals from the left of the political divide.

However USA’s insurance companies are now warning that these costs to taxpayers and businesses will continue to soar because of climate change. After a year of over $1 billion record breaking natural disasters, can you really blame them?

Insurers at a US press conference recently discussed the mounting financial impact of global warming. However, such issues have concerned the global insurance industry, with Committees such as the Geneva Association looking into impacts of Climate Change and in Australia the CSIRO have reported CO2 at record highs