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$900 Billion Insurance Risk From Global Warming

Posted by: Abhijeet Chavan

23 April 2007 - 8:00am

Congressional investigators calculate the insurance risk of crop damage and flooding due to climate change.

"That total has grown from about $209 billion in 1980, and could be even higher today because it is based on two-year-old data, according to a report. It recommends an analysis of the potential long-term implications of climate change for federal flood and crop insurance programs...Droughts, hurricanes, flooding and other factors of climate change are now considered in the risk calculations by many large private insurers."

Full Story: Warming cited for $900 billion insurance risk
Source: MSNBC, April 20, 2007
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