Insurance Companies Believe in Global Warming

One of the people leaving comments on this blog sent a link to an article on how insurance companies are viewing climate change. They have labeled it their number one problem. Interestingly, Andrew Castaldi, the head of the catastrophic risk unit at Swiss Re America Corp told the Senate:

"We believe unequivocally that climate change presents an increasing risk to the world economy and social welfare."

Insurance companies are some of the most capitalistic corporations in the world, and they view global warming as a risk to business and to social welfare.

That really undermines all of the complaints by the deniers on the subject.