Yes, DEEP ocean, you nitwit. There is also NOT DEEP ocean. Try some reading comprehension. It is certainly in the oceans, the following factual chart proves that beyond a doubt. You DO know how to read a chart right? You do trust that NOAA is the most authoritative source of science and and atmosphere data in the world right? So what is your major malfunction? It's clear as day. The facts are right here. Look. Right here. Facts. Note. No slowdown of the earth warming at all. If anything this is proof that the earth is warming ever faster.
Climate Change Is Kicking the Insurance Industry's Butt As disaster-related losses soar, insurance is more difficult to come by. —By Tim McDonnell | Wed Oct. 22, 2014 4:33 PM EDT A house in New Jersey damaged by Hurricane Sandy is still abandoned nearly two years after the storm. Akira Suwa/Philadelphia Inquirer/ZUMA In the months after Hurricane Sandy, insurance companies spooked by rising seas dropped coastal policies in droves. That could become an increasingly common story, according to the largest-ever survey of how insurance companies are dealing with climate change, released today. Global warming is increasing the risk of damage to lives and property from natural disasters beyond what many insurers are willing to shoulder. And most insurance companies aren't taking adequate steps to change that trend, the survey found. That's a problem even if you don't live by the coast: When private insurers back out, the government is left to pick up much of the damage costs; already, the federal flood insurance program is one of the nation's largest fiscal liabilities. Ceres, an environmental nonprofit, evaluated the climate risk management policies of 330 large insurance companies operating in the United States. The results are worrying. Only nine companies, 3 percent of the total, earned the highest ranking. The insurers that scored highly on the survey (including several of the world's biggest, such as Munich Re, Swiss Re, and Prudential) were those that have adopted a broad range of climate-conscious products and services, such as rate pricing plans that account for potential climate impacts like storms and fires. Some insurers are also investing in high-end climate modeling software to better understand where their risks really are. Others offer environmentally friendly plans like mileage-based car insurance and encourage their customers to rebuild damaged homes using green technologies. And some insurance companies are making significant efforts to monitor and reduce their own carbon footprint. However, the report finds that one major way insurance companies are adjusting to climate change is by not insuring properties that are threatened by it, said Washington State Insurance Commissioner Mike Kreidler, a lead author of the report. "As a regulator, it's very bad to see markets being abandoned because of the threat that exists," he said. Certainly the threat is real. Globally, average annual weather-related losses have increased more than tenfold in the last several decades, from $10 billion per year in the period 1974-1983 to $131 billion in 2004-2013, according to the report. The insurance industry is not keeping pace: The proportion of those damages that are insured is steadily declining: Tim McDonnell Insurance companies are being squeezed by the dual forces of global warming and urbanization (the latter is especially a problem when it comes to wildfires), so that the only way to stay profitable in vulnerable areas is to push rates much higher than they currently are, Munich Re America CEO Tony Kuczinski said in a press conference call. The easier option, and the one more frequently chosen, is to simply pull out of risky areas altogether. "The view of the industry is that there is not risk-adequate pricing in those areas, and that's why the government is the primary insurer there," he said. "If rates were allowed to move in a direction that's more accurate, it would encourage behavior change." In other words, one way to limit climate-related losses is by using market forces (i.e., sky-high insurance premiums) to encourage people not to build in places that are likely to be flooded or burned. Government rates, which are set to catch homeowners who fall through the cracks, are generally too low to spur that kind of change. Experts say that if insurance companies can find a way to remain profitable without abandoning key markets, they will have a significant role to play in helping property owners prepare for climate change. As the industry most finely-attuned to analyzing risk, it's essential for insurers to take a more proactive role in promoting climate adaptation in building codes and other regulations, says Ceres president Mindy Lubber. "When they act and change, the entire economic sector listens and responds," she said.
what a joke... your charts must be driven by the massive inflation we have experienced not severe weather. for instance Florida has not had a hurricane hit land in 8 years. The global cooling we have experienced since the turn of the century has led to less severe stroms overall.
The Effect of Global Warming Two factors that contribute to more intense tropical cyclones-ocean heat content and water vapor-have both increased over the past several decades. This is primarily due to human activities such as the burning of fossil fuels and the clearing of forests, which have significantly elevated carbon dioxide (CO2) levels in the atmosphere. CO2 and other heat-trapping gases act like an insulating blanket that warms the land and ocean and increases evaporation. (7) The world's oceans have absorbed about 20 times as much heat as the atmosphere over the past half-century, leading to higher temperatures not only in surface waters (e.g., depths of less than 100 feet) but also down to substantial depths, with the most severe warming occurring in the first 1,500 feet below the surface. (8,9) As this warming occurs, the oceans expand and raise sea level. This expansion, combined with the inflow of water from melting land ice, has raised global sea level more than one inch over the last decade. (10) In addition, observations of atmospheric humidity over the oceans show that water vapor content has increased four percent since 1970; because warm air holds more water vapor than cold air, these findings correlate with an increase in air temperature. (11,12)
BRUSSELS — The 28 leaders of the European Unionagreed early on Friday on targets for protecting the climate and generating greener power despite deep divisions among their nations over how to produce energy. The main target that won approval was a pledge to slash emissions by at least 40 percent, compared with 1990 levels, by 2030. The new target “will ensure that Europe will be an important player, will be an important party, in future binding commitments of an internationalclimate agreement,” Angela Merkel, the German chancellor, said at an early-morning news conference. The accord makes the European Union the first major global emitter to put its position on the table ahead of an important United Nations climate meeting in Paris at the end of 2015. http://www.nytimes.com/2014/10/24/w...on-targets-to-fight-climate-change-.html?_r=0
Not sure I care what goes on in Europe to be honest. Its always strange how the warmists never mention China.