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| Title: | Climate Change
: Financial Risks |
| Author: | Government Accountability Office |
| ISBN: | 1604564881 : 9781604564884 |
| Format: | Hardback |
| Published: | Nova Science Publishers - October 2008 |
| List Price: | 45.99 Pounds Sterling |
| Availability: | Not yet published |
| Subjects: | Climatology |
Weather-related events have cost the nation billions of dollars in damages over the past decade. Many of these losses are borne by private insurers and by two federal insurance programs the National Flood Insurance Program (NFIP), which insures properties against flooding, and the Federal Crop Insurance Corporation (FCIC), which insures crops against drought or other weather disasters. This book: (1) describes how climate change may affect future weather-related losses, (2) determines past insured weather-related losses, and (3) determines what major private insurers and federal insurers are doing to prepare for potential increases in such losses. The book is fully indexed, excerpted and reformatted.
Preface; Results in Brief; Background; Climate Change May Increase Losses by Altering the Frequency or Severity of Weather-Related Events; Insured Weather-Related Losses Have Been Sizeable, and Federal Insurers’ Exposure Has Grown Significantly; Major Private and Public Insurers Differ in How They Manage Catastrophic Risks Associated with Climate Change; Conclusions; Recommendation for Executive Action; Agency Comments and Our Evaluation; Index.
