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Insurance Business | 12 May 2014, 10:43 a.m. Agree 0
Insurer warns payouts will rise with extreme weather and calls on industry to factor in climate change to avoid unpredictable losses.
  • Paranormal | 12 May 2014, 02:48 p.m. Agree 0
    What an utter load of nonsense.

    We might be alarmed except:
    - Satellite measurements show there has been no global warming in the past 17 years.
    - When adjusted for growth in GDP there has been no increase in losses in the past 40 years. What we have had however is an increasing shift to build in disaster prone areas - eg. Florida, Turkey, Australia (floodplains) etc.
    http://www.mapfre.com/mapfrere/docs/html/revistas/trebol/n67/en/articulo1.html Also look at Disasters by Design, by Dennis Mileti
    - Warnings of dire climate change consequences have failed to run true. Have a look at: http://wattsupwiththat.com/2014/04/02/the-big-list-of-failed-climate-predictions/
    - Globally we are in a quiet period for hurricane activity which is in line with the normal cyclical nature of that activity. http://i1.wp.com/www.whaleoil.co.nz/wp-content/uploads/2013/10/step6-02-01.gif

    To understand what is wrong in the US National Climate Assessment have a look at: http://www.cato.org/publications/the-missing-science-from-the-draft-national-assessment

    All in all Lloyds have jumped on the political bandwagon that is Climate Change.
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