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Global Climate Change Digest
A Guide to Information on Greenhouse Gases and Ozone Depletion
Published July 1988 through June 1999

FROM VOLUME 6, NUMBER 10, OCTOBER 1993

PERIODICALS...
INSURANCE INDUSTRY

Item #d93oct87

"Who 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.

Item #d93oct88

"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.