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View Full Version : Well the bank of England believes in climate change



skuthorp
09-30-2015, 03:52 PM
http://www.bbc.com/news/business-34396961

"At a gathering of leading insurers at Lloyd's of London, Mark Carney pointed out the rapid increase in weather-related catastrophes and the jump in both the physical and financial costs.He said the challenges currently posed by climate change "pale in significance compared with what might come"."

Peerie Maa
09-30-2015, 04:17 PM
I fully expect the US insurance industry to sot out the RWW. Eventually.

CWSmith
09-30-2015, 04:19 PM
It's got to get harder to insure ocean-front property.

Paul Pless
09-30-2015, 04:20 PM
I fully expect the US insurance industry to sot out the RWW. Eventually.yes of course, most big business other than coal and oil lean towards the science on the issue

the american right continues to entrench itself into smaller and smaller circles

Old Dryfoot
09-30-2015, 06:30 PM
I like Mark Carney, it's too bad he left Canada.

TerryLL
09-30-2015, 06:36 PM
It's got to get harder to insure ocean-front property.

Not only ocean front.

California Insurance Commissioner Dave Jones says more people may be dropped from fire coverage and that residents of high risk areas may have to shop for more expensive insurance as wildfires become more destructive because of the drought.

http://www.cbsnews.com/news/california-wildfires-cause-insurance-companies-to-refuse-to-renew-policies/

Tonyr
09-30-2015, 06:43 PM
Actually, it's Carney's wife who is the eco-nut. He just goes along for peace at home, it seems.

Tony.