Reports link heat waves, deluges to climate change - The Washington Post

Reports link heat waves, deluges to climate change - The Washington Post

Cynthia McHale, who runs the insurance program at Ceres, a nonprofit network that addresses issues of environmental sustainability,said the National Flood Insurance Program now has $1.2 trillion of commercial and residential assets on its books.

“If we continue on this path, extreme weather is certain to cause more homes and businesses to be uninsurable in the private insurance market, leaving the costs to taxpayers or individuals,” McHale said.

On Wednesday, Lloyd’s of London posted its first pretax loss in six years, citing the burden of natural catastrophes in 2011. That year now ranks as the second-most expensive on record for insured disaster claims worldwide, with $100 billion to $116 billion in claims.

via Reports link heat waves, deluges to climate change - The Washington Post.

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