The new numbers generated by these experts implied that the insurance industry needed to raise $ 82 billion to guard
against hurricane losses expected to occur over the next five years.
There is no «greenhouse signal» in properly -
adjusted hurricane loss data — no trend reflecting a potential warming - induced increase in hurricane frequency or power.
The statement does not infer that the overall pattern of losses would be different; instead it suggests that 2004 and 2005 were remarkable years in terms
of hurricane losses, which they were.
The insurance segment of Mr. Buffett's letter contains an interesting discussion
on hurricane losses.
As the number and intensity of tropical cyclones is projected to increase under unchecked global warming, by the end of the century
average hurricane losses with respect to national GDP could triple.»
Researchers from the Potsdam Institute for Climate Impact Research (PIK) now analyzed the magnitude of
future hurricane losses in relation to economic growth.
Our findings are highly sensitive to recent
US hurricane losses, large China flood losses, and inter - regional wealth differences.
Plugged into the core of a complex software program used to
estimate hurricane losses, the number rewrote property insurance in North America.
Exact contractual wordings vary, but generally they provide that
hurricane losses within the specified number of hours can be aggregated.
Represented corporate insured in $ 100 million dispute arising
from hurricane losses subject to ad hoc arbitration in London under New York law
This is in accord with recent studies (Pielke, 2005; Pielke et al., 2008; Crompton and McAneney, 2008), which demonstrate the importance of demographic changes in driving the increasing economic cost
of hurricane losses.
«However, if you analyze losses with respect to per capita income and population growth separately, this reveals a different picture: Our analysis for the United States shows that high income does not protect
against hurricane losses.
Highly rated renters insurance in South Carolina means that even if there's
a hurricane loss that impacts a broad swath of the state, you'll be able to get your claim paid by the company because they have enough money and / or enough reinsurance to make sure of that.
I guess the question in this case (referring to comment # 33 regarding whether there really has been a trend and the reference to Michaels and
hurricane loss) boils down to weighing the normalisation of hurricane loss (used to adjust the trends in total hurricane loss) against the calculations by Emanuel as well as the degree of representativeness in this case.
It's great to see the Union of Concerned Scientists offering nonpartisan criticism of elected officials for distorting — in both directions — what's known about the role of human - driven global warming on several fronts, from tornado ferocity to
hurricane losses.
Except that increasing flood, windstorm and
hurricane losses have not been attributed to global warming / climate change so far.
These previous national U.S. assessments, as well as those for normalised Cuban
hurricane losses (Pielke et al., 2003), did not show any significant upward trend in losses over time, but this was before the remarkable hurricane losses of 2004 and 2005.
Nonetheless, if the study means what I think it does, it will be a long time before any «short - term» (multi-decadal) trend in
hurricane losses can be attributed to global warming rather than to socio - economic factors and / or natural variability.
Isolating natural
hurricane losses, anthropogenic hurricane losses (or maybe something in the middle, i.e., hurricanes that would have happened anyway but were a few percent more intense), fully accounting for losses in the early part of the time series record, as well as increases in socio - economic infrastructure in vulnerable areas is pretty sketchy business... this is a new approach and something which should be investigated much further.
For more than 30 years, she has handled marine and energy litigation, including collision cases,
hurricane losses, onshore and offshore oil and gas claims, hydraulic fracturing cases, marine and energy products liability litigation, the defense of personal injury and death actions, contract and lien claims, dock and stevedore liabilities and subrogation litigation.
Your homeowner's insurance policy has additional living expenses coverage which would be available to use after
a hurricane loss, but there is no additional living expenses coverage on a flood policy.
Florida has designated certain coastal areas throughout the state as high - risk areas, or those more prone to wind and
hurricane losses than others.
Highly rated renters insurance in South Carolina means that even if there's
a hurricane loss that impacts a broad swath of the state, you'll be able to get your claim paid by the company because they have enough money and / or enough reinsurance to make sure of that.