EAFs request was spurred by a new report by the Center for Science and Public Policy (CSPP) that concludes global warming is not responsible for increases in weather-related economic losses. (1)The bottom line is that currently there is no scientific basis for attributing any part of the global, decades-long trend of an increasing number of disasters and disaster losses to changes in climate, irrespective of the reasons for those changes.

UN, advocacy groups, or the scientific community, are either ill-informed or dishonest, concludes the report citing the words of University of Colorado climate researcher Dr. Roger Pielke.The CSPP report directly contradicts a September 2005 claim by the environmental activist group Ceres that insurers are at financial risk from global warming. (2)We are urging insurers to refrain from establishing a corporate policies concerning climate change until they conduct their own detailed review of the pertinent data and information, said AFMs Tom Borelli.

Borelli. Corporate managers, in our view, should base their decisions on sound science and economics, rather than pressure from external groups who may have agendas that run counter to whats in the best interests of a business and its shareholders, said Milloy. It could very well be that what the insurance industry needs to do to reduce weather-related losses is to write better policies and charge appropriate premiums for risky coastal development, Milloy said.

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