Warren Buffet says that Global warming may increase....

[Typhoon_Willie]

hurricane losses.

Here is a copy and paste of the article.


Global warming may increase hurricane losses, Buffett says

By Barbara Kollmeyer
Last Update: 1:04 PM ET May 5, 2007


OMAHA, Neb. (MarketWatch) -- Global warming could increase hurricane losses for Berkshire Hathaway, therefore the company's catastrophe reinsurance businesses will charge more in future for such coverage, Chairman Warren Buffett said on Saturday. Global warming could materially change the probability of catstrophes, increasing both the frequency and intensity of storms, he explained. "Our exposure goes up every year because of what's going on in the atmosphere, even though we don't fully understand what's going on," Buffett added. This "could increase expectable losses from any given hurricane season by a factor of two, three, four or five. On balance it's probably getting more negative for us and we have to be careful. It would be crazy to offer catastrophe reinsurance at the same rate in 2007 as we did in 2006."


So you can guess what is going to happen to our insurance rates!!!!!

[hial2]

and of course, if he thought the opposite (which lots of scientists do) he would charge LESS,right? RIGHT????..

[cpdaman]

and elliot abrams and DR joel sable (hope i typed his name right) say there is evidence that it would cause more shear in atlantic leading to less hurricanes
flip a coin, or figure out someone's agenda

[dixiebreeze]

and of course, if he thought the opposite (which lots of scientists do) he would charge LESS,right? RIGHT????..

LOL -- excellent!

[Deputy Van Halen]

I'd believe Jimmy Buffett before Warren, when it comes to global warming. At least Jimmy sang about the tropics a lot...better credentials than a lot of the "experts" that the media trots out on this subject.

[Typhoon_Willie]

Would be nice if Warren would charge less!