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The lack of any attempt to quantify this trend in the article is rather frustrating. The closest I can find with a quick bit of Googling is a modest downward tr
by pseudo0 5y ago
The lack of any attempt to quantify this trend in the article is rather frustrating. The closest I can find with a quick bit of Googling is a modest downward trend of insurance claims from extreme weather events as a percentage of global GDP [0], [1]. This seems rather counterintuitive, but I guess we've been getting richer slightly faster than the weather has gotten worse? That and the data ends in 2019.
[0] - https://www.forbes.com/sites/rogerpielke/2019/10/31/surprising-good-news-on-the-economic-costs-of-disasters/ https://www.forbes.com/sites/rogerpielke/2019/10/31/surprisi...
[1] - (paywalled paper) https://www.tandfonline.com/doi/figure/10.1080/17477891.2018.1540343?scroll=top&needAccess=true https://www.tandfonline.com/doi/figure/10.1080/17477891.2018...
- d110af5ccf 5y agoGiven current events on the US west coast (where I live) I've been quite curious about seeing the global trends quantified as well. I'm most curious to know about changes in variance over time, but collecting (let alone analyzing) a global dataset that goes back far enough would be a bit of a task.
- loopz 5y agoThis has been available for decades already: https://www.ipcc.ch/reports/ https://www.ipcc.ch/reports/
- kqr 5y agoAnother possible explanation for the downward trend in insurance is that insurance companies understand the worsening climate better than consumers. (They raise the premium to protect their bottom line in a world of more extremes, and consumers don't think they will need that level of hedge because they extrapolate badly.)