The United States Congress places measures to curb carbon dioxide pollution, as Global Warming is imminent. An example of this is increase in hurricanes in the Gulf Coast. It is estimated that in the next 100 years, a large part of the Gulf Coast will be under water. Insurance Companies are particularly at risk to exposures and financial loses. Each time there is a Hurricane loss it makes or brakes the companies profit. Chubb Group of Insurance Companies report a profit due to a weak hurricane season.

As citizens all we can do is conserve resources that we already use.  The rest is up to world leaders in determining the proper and most efficient methods in controlling Global Warming.

Tags: global warming, insurance claims due to global warming, insurance companies

This entry was posted on Monday, October 26th, 2009 at 7:09 am and is filed under Insurance News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.