February 28, 2007
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A Guide to Information on Greenhouse Gases and Ozone Depletion
Published July 1988 through June 1999
FROM VOLUME 6, NUMBER 10, OCTOBER 1993
Will Underwrite the Hurricane?" J. Leggett, New Scientist,
29-33, Aug. 7, 1993.
Falling profits resulting from an increased number of severe
storms over the past several years are forcing insurers to find
out for themselves what is going on. The largest companies are
employing their own climatologists and meteorologists to evaluate
the potential changes in risk due to the greenhouse effect.
Supplementary items by F. Pearce and C. Arthur discuss
respectively the possible increase in tropical storms from global
warming, and the views of two risk assessors in the industry.
"Will Global Warming Cool Off Weather Underwriting?" H.
Mollin, Risk Management, 28-35, Mar. 1993.
The author, a weather insurance agent, explains the industry's
concern over the possible altered risks due to global warming.
Emphasizes the scientific uncertainty of climate change and the
way in which weather insurers calculate risk, more than the
previous article. Most insurers do not think enough is known to
significantly alter their routine weather policy underwriting.
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