If you want to hear some tough talk about global warming, talk to an insurer. Take this recent statement by Richard Jones, the vice president for engineering of the Hartford Insurance Company. Climate change is real, said Jones. To me, proving that earths climate is changing from human actionsnamely global warmingis like statistically proving the pavement exists after you have jumped out a 30-story building. After each floor, your analysis would say, so far, so good, and then, at the pavement, all uncertainty is removed. Joness alarm over the impending climate catastrophe is not uncommon, even in an industry known for its buttoned-down, by-the-book image. As the cost of droughts, floods, wind storms, and other weather events linked to climate change multiply, insurers have taken a remarkably active role in speaking out about global warming.
[Read the full article]