Monday, August 07, 2006

Coastal homeowners may feel heat of global warming - The Boston Globe


Oh Hell!

Coastal homeowners may feel heat of global warming - The Boston Globe:

An influential but little known segment of the insurance industry is considering whether climate change might be partly to blame for more intense hurricanes in the North Atlantic. The result of this examination, which comes as scientists debate the same question, could be skyrocketing insurance rates in coastal regions from Maine to Texas.

Already, one leading company that forecasts the risk of natural disasters for the insurance industry has revamped the computer model it uses to simulate future weather trends. The model, which looks five years out, now captures the possibility that global warming might be contributing to hurricane activity.

Risk Management Solutions released the new model in May, predicting that average annual insurance losses will increase 25 to 30 percent in the coastal Northeast because of increased hurricane activity.

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