UN Report on Climate Change = Bad News for Property Insurers?

This will come as no surprise to those of us in the Northeast for whom Halloween was cancelled because of snow — http://www.nytimes.com/2011/10/30/us/northeast-snow-storm.html?pagewanted=all — but extreme weather is on the rise — http://www.washingtonpost.com/national/health-science/report-climate-change-means-more-frequent-droughts-floods-to-come/2011/11/15/gIQAfwqHXN_story.html?hpid=z1.  According to the United Nations Intergovernmental Panel on Climate Change — http://ipcc-wg2.gov/SREX/ — in a report that was just issued today, climate change will make drought, flooding and other extreme weather conditions more common in the years to come.  It is obviously a development that needs to be closely monitored by property insurers as current beachfront property may become the equivalent of Atlantis and inland property may become the next French Riviera! 

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