Global warming isn’t affecting the way we write insurance – Buffett

Berkshire chief says weather patterns so far are not cause for alarm

Global warming isn’t affecting the way we write insurance – Buffett

Environmental

By Allie Sanchez

Berkshire Hathaway chief executive Warren Buffett said that climate change has yet to affect weather events in such a manner that would change the way his conglomerate’s insurance businesses write policies.

The business guru also observed that weather patterns in the US have so far been “remarkably benign” despite the descent of significantly destructive forces such as Hurricane Sandy in the past.

Talking to media outlet CNBC, he noted, "I have not seen anything yet that would cause me to change the way we look at evaluating quakes, tornadoes, hurricanes by atmosphere. Now, that may happen someday."

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Research seems to support Buffett’s declarations. Citing reports from the National Oceanic and Atmospheric Administration, CNBC noted that it is “premature to conclude” that emissions from human activities already have a “detectable impact” on global weather patterns.

NOAA added in the report that the effects of global warming caused by humans are likely to manifest in the latter part of the century and that these effects will not be felt across the globe, but rather in isolated parts of it.


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