That insurance item reminded me of this comment (below).
Insurance companies seem to be in a win-win situation, if they listen to the weather change experts..
Found at this site of old newspaper reports of 1930s era global warming caused disasters.
Defiling The Past | Real Science
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chris y says:
October 22, 2012 at 2:24 pm
Well, Risk Management Solutions jacked up re-insurance rates based on a 5 year prediction of increased hurricane activity provided by 4 ‘experts’ in an afternoon of tea and crumpets in the Caribbean, just a few weeks after Katrina.
The prediction was not just wrong, but Hansenesque in its wrongness.
The ‘experts’ claimed to be bewildered about how RMS planned to use their prediction!
For RMS, it was a complete success. Never let a crisis go to waste, as they say.
Now tell us all why Munich Re would care about checking the veracity of a scientific ‘claim’ that results in BAU profits if it is right, and windfall profits if it is wrong?
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