December 02, 2006

The Market Believes in Climate Change

The Bush administration may claim that climate change is a myth, but the market believes in it. And insurance carriers are adjusting their rates, and even their willingness to write policies accordingly.

Today, it's mostly hurricanes and coastal flooding. Tomorrow it will be higher sea levels (more flooding) and changes in crop patterns.

Not that one expects this administration to pay any more attention to market signals than any others.


Posted by Michael : December 2, 2006 02:31 PM | Economics & Money , Science/Medicine | TechnoLinks
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