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oxbow

(2,034 posts)
Sun Jun 25, 2017, 09:47 PM Jun 2017

The insurance industry will NOT insure Mar-a-Lago if global temp rises above 2 degrees

I am watching "from the ashes" on national geographic channel, a documentary about the coal industry. In it, an expert says something to the effect that "the insurance industry will no longer insure properties if global temperature rises above 2 degrees Celsius. This is not one insurance company saying this; it's the entire insurance industry."

Others may be able to see that the true cost of environmental destruction is greater than any possible short-term profits. But for certain people who are in power right now, I believe that this is the #1 argument that needs to be utilized. How do we bring greater attention to what the insurance industry already takes as a given?

Edit to add: here's a recent bloomberg article about how this is already playing out in Florida: https://www.bloomberg.com/news/features/2017-04-19/the-nightmare-scenario-for-florida-s-coastal-homeowners

6 replies = new reply since forum marked as read
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The insurance industry will NOT insure Mar-a-Lago if global temp rises above 2 degrees (Original Post) oxbow Jun 2017 OP
Were they talking about all properties not matter avebury Jun 2017 #1
IIRC, It was a pretty general statement oxbow Jun 2017 #4
The number one problem of global warming is sea level rise. marylandblue Jun 2017 #6
didn't they hear that the 'president' called it a hoax? spanone Jun 2017 #2
Celsius, not Fahrenheit Spider Jerusalem Jun 2017 #3
Thanks, I fixed it. Nt oxbow Jun 2017 #5

avebury

(10,952 posts)
1. Were they talking about all properties not matter
Sun Jun 25, 2017, 09:50 PM
Jun 2017

where they are located? Or are they talking about properties that are at or close to the coastlines?

oxbow

(2,034 posts)
4. IIRC, It was a pretty general statement
Sun Jun 25, 2017, 09:54 PM
Jun 2017

To my understanding, climate change will cause more extreme weather worldwide. Not just more flooding, but more and more extreme tornadoes, mudslides, droughts, etc.

marylandblue

(12,344 posts)
6. The number one problem of global warming is sea level rise.
Sun Jun 25, 2017, 10:19 PM
Jun 2017

A three-foot rise in sea level will cause most of South Florida to be under water. A six foot rise would cover half the state. And that is just Florida.

 

Spider Jerusalem

(21,786 posts)
3. Celsius, not Fahrenheit
Sun Jun 25, 2017, 09:53 PM
Jun 2017

the temperature rise from climate change is always referred to in terms of Celsius, the USA is the only country that uses Fahrenheit, the Paris Agreement aims to limit temperature rise to below 1.5C.

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