Wednesday, December 28, 2011

Insurance may be key in getting the public and businesses to ‘get it’ on Climate Change.

 

Many, actually far too many, people dismiss the Climate Change Crisis for a variety of reasons—none of them having to do with science I suspect. That’s too bad because without public understanding of Climate Change there won’t be enough public support to adapt to the Likely Changes coming to our area, nor send the carbon dioxide count in our atmosphere back to the level we evolved.

You can read about what’s coming for New York State with Climate Change, as encapsulated in this report:

The Daily Mail > Archives > News > Report talks of climate change’s effects Columbia, CUNY and Cornell assess future for NYSERDA  | A 460-page, in-depth report developed by Columbia University, the City University of New York, and Cornell University for the NYS Energy Research and Development Authority (NYSERDA) says -- in no uncertain terms -- that New York State’s climate is changing, and cautions what its outcomes will be, and also offers recommendations for adapting to it. The report does not address mechanisms for stopping or preventing the warming trend, but only what its effects will be, and how possibly to adapt to them.  (December 27, 2011) The Daily Mail

However, despite the lack of in-your-face catastrophe that the American public seems to require (like the Japanese strike at Pearl Harbor in 1941) before they are inclined to react to danger, there is an aspect of Climate Change that will certainly grab the public’s attention: insurance rates.

Those who insure our way of life—our cars, our homes, our whatever—are not so complacent about our future as your usual Climate Change deniers. Insurance folks have to look ahead and determine risk factors so they can hedge against catastrophes. Too many disasters at once, like floods, and they cannot pay out. If an insurance company says it will no longer insure your house because the likelihood of flooding has increased in your area because of Climate Change that will get your attention.

Will 2012 top 2011 for record weather disasters? | Reuters From floods that crippled countries, to mega cyclones, huge blizzards, killer tornadoes to famine-inducing droughts, 2011 has been another record-breaker for bad weather. While it is too early to predict what 2012 will be like, insurers and weather prediction agencies point to a clear trend: the world's weather is becoming more extreme and more costly.  (December 28, 2011) Reuters.com

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