Economic Impacts of Global Warming: Part 1-Insurance

Economic Impacts of Global Warming: Part 1-Insurance - mars-5:hrs05EI_GW2359_070503 - Rayburn 2359 - Select Committee on Energy Independence and Global Warming - 2007-05-03 - (Washington, DC) - (May 1, 2007) - On Thursday the Select Committee on Energy Independence and Global Warming will hear from insurance experts on how a riskier, warming would will affect their business and the costs to consider if we do not act to cut heat-trapping pollution. A recent General Accounting Office (GAO) report notes that insurers paid more than 20 billion in claims on weather-related losses from 1980 to 2005. Scientists predict that an unstable climate due to global warming will cause more severe and unpredictable weather events.