Projected costs of global warming damage escalate.See "Insurance Companies Warn Global Warming global warming, the gradual increase of the temperature of the earth's lower atmosphere as a result of the increase in greenhouse gases since the Industrial Revolution. Will Cost $70 Billion Annually," Jan/Feb 2003, p. 11 In 2003, we reported that climate experts assembled as·sem·ble v. as·sem·bled, as·sem·bling, as·sem·bles v.tr. 1. To bring or call together into a group or whole: assembled the jury. 2. by the United Nations attributed the "vast majority" of damages from natural disasters in 2002 to climate change. Those damages were projected to reach a global total of $70 billion. Now, a little over a year later, the world's second largest insurance company, Swiss Re Swiss Re is the world’s largest reinsurer, now that it has acquired GE Insurance Solutions (Ligi 2006). Founded in 1863, Swiss Re now operates in more than 30 countries. General Electric owns 8.9% of the firm. , reports that the costs of global warming-driven damages threaten to spiral spiral /spi·ral/ (spi´ral) 1. helical; winding like the thread of a screw. 2. helix; a winding structure. out of control, reaching $150 billion per year in the next ten years. |
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