In Tsunami Insurance I mentioned that there was some worry that 2004 being a record year for natural disasters might be a trend, and whether insurers handle it. Here’s more.
Canadian TV is presenting a three part series called The Great Warming, which compares Global Warming, especially the coming period as it increases, as a challenge comparable to the Great Depression or a Great Plague.
Worldchanging points out in The Great Warming and The Greening of the Reinsurance Industry that the TV series is sponsored by Swiss Re, and that that reinsurer (one of the largest in the world) is sufficiently interested in this issue that it is reducing its own emissions by 15% and investing the rest in green investment instruments according to the Kyoto protocol.
It seems to me that one of the biggest problems with the recent tsunamis has been assessing the damage. Hundreds of islands hadn’t even reported in days later. Investing in improved communications and monitoring might also be a good idea. More on that later.
-jsq
New Blog On The Roll
I can highly recomment John S. Quartermans blog Perilocity. I know Quarterman’s works from way back in the ’90s when I was still a greenhorn and fiddled around with the fascinating world of Email as a student employee.
Quarterman obviously emerged…
As one who attended prep school with
Mr. Quarterman, I have studied his works
with amazement and certainly endorse the
previous commentary. Intellectually his
influence has been a blessing to many,
while his humility with regard to academic accomplishment remains intact.
John, you mention in your blog entry “[…] and investing the rest in green investment instruments […]”.
Investing which rest of what?
Good catch, Axel. I oversummarized this passage:
-jsq
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