Climate Policy's Quiet Giants

Because climate change is predicted to exacerbate known hazards such as tropical cyclones, natural disasters such as Hurricane Katrina may serve as models for future crises in reinsurance. The combined yearly profit of these four companies is 1,300 times the size of the entire trust fund of the Inte...

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Bibliographic Details
Published inEnvironment : science and policy for sustainable development Vol. 50; no. 4; pp. 6 - 7
Main Author Clark, George E.
Format Journal Article
LanguageEnglish
Published Washington Heldref 01.07.2008
Kirkpatrick Jordon Foundation
Subjects
Climate change
Climate policy
Cyclones
Environmental policy
Global warming
Greenhouse effect
Hurricanes
Insurance companies
Insured losses
Reinsurance
Tsunamis
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Summary:Because climate change is predicted to exacerbate known hazards such as tropical cyclones, natural disasters such as Hurricane Katrina may serve as models for future crises in reinsurance. The combined yearly profit of these four companies is 1,300 times the size of the entire trust fund of the Intergovernmental Panel on Climate Change (http://www .ipcc.ch/meetings/session28/doc6. pdf), and the $12.9 billion total does not include the earnings of many smaller firms in the industry such as those listed at http://www.reinsurance.org/i4a/ pages/Index.cfm?pageID=3304.
ISSN:0013-9157
1939-9154
DOI:10.3200/ENVT.50.4.6-7