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Extreme weather is a reality the insurance industry must adapt

2014-01-31 13:44:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The atmosphere is heating up and becoming more humid, we can say this with great certainty. This is likely to lead to an increase in extreme weather and more flooding. Recent major catastrophes are entirely consistent with this. Climate change might not cause such events but it can make them much worse. Since 1980, the cost of natural catastrophes has grown by $870bn in real terms and 2011 was the second costliest year on record for natural catastrophes including devastating floods in Thailand...

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