The Insurance Industry Claims Global Warming Is Real

Stop Global Warming

Photo: AgnosticPreachersKid (CC)

Reports Gus Lubin on Business Insider:

Insurance industry leaders went before Congress on Friday to ask for increased federal support for the costs of destructive global warming. From their perspective, there is no question whether or not climate change is real.

Here are some quotes posted by Insurance Networking News:

From our industry’s perspective, the footprints of climate change are around us and the trend of increasing damage to property and threat to lives is clear,” said Franklin Nutter, president of the Reinsurance Association of America.

Cynthia McHale, the insurance program director at Ceres, issued a more unequivocal statement: “Our climate is changing, human activity is helping to drive the change, and the costs of these extreme weather events are going to keep ballooning unless we break through our political paralysis, and bring down emissions that are warming our planet. If we continue on this path, extreme weather is certain to cause more homes and businesses to be uninsurable in the private insurance market, leaving the costs to taxpayers or individuals.”

Read More: Business Insider

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  • Mysophobe

    This should be taken with a grain of salt. Those egghead actuaries at insurance companies also claim that nuclear power plants are far too risky for them to write policies on at any premium. Wait, never mind.

  • http://twitter.com/pauljongsu paul

    well the insurance companies did insure the mortgage backed securities and CDOs a few years ago

  • Ehhh

    Havent heard much about global warming since climate gate… And the failed copenhagen treaty and disappearance of al gore. Lol.

  • Monkey See Monkey Do

    I guess under our current economic climate, something is only happening when big business says its happening.

  • Aungsan

    Hmmm, so the only chance that these parasites of society actually condemn something wrong is if disasters make them lose money? wankers.

  • Mamagriff50

    Climate change is cutting into their profit margin……..Can’t let that happen. Prepare for all your insurance premiums to go up, and up and up. Or they will simply quit insurring against weather related disasters.

  • Like it or Not

    I don’t doubt this at all.  It seems every body wants their hands in the cookie jar.  Why not insurance companies?  What people don’t realize, the money ultimately comes from, we the people.  The majority of we the people support global warming and thus we all pay for it.

  • Capitalistic Cock Jockey

    Of course it’s real, get your Global Warming Insurance here, cheap cheap cheap. No refunds.

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