PART TWO: THE ECONOMIC AND INSURANCE EVIDENCE.

The previous chapter presented the geophysiological evidence for global burning. This chapter looks at the evidence which could be provided by the economic and ooman costs of climate disasters.
ONE: EVIDENCE OF RISING TEMPERATURES AND INCREASING CLIMATIC INSTABILITY PROVIDED BY ECONOMIC DAMAGE AND HUMAN FATALITIES.
1992.
" Last year (1992) was the worst ever due to ‘natural’ catastrophe losses - over US$27 billion."

1993.
"Natural catastrophes in 1993 cost $50 billion in economic losses worldwide, compared to the record $62.5 billion in 1992. Floods accounted for 63% of these losses worldwide, and windstorms 31%."

1995.
"Property-catastrophe losses have already been enormous in recent years. In 1995, weather extremes caused $100 billion worth of damage with costs to insurance companies amounting to $9 billion."; "1995’s £120 billion of damage - and that was almost entirely caused by the kobe earthquake in japan."

1996.
"Economic losses from world-wide weather related disasters - droughts and hurricanes, floods and heat waves - reached an all time high of $60 billion in 1996."

1997.
There were .. "damages of $30 billion in 1997."; .. "damage was estimated at £20 billion."

1998.
"Natural disasters caused 50,000 deaths and damages costing more than $90 billion in 1998 - the second highest figure ever, the world’s largest reinsurers said tuesday. In a statement, munich re said this compared with 13,000 deaths and damages of $30 billion in 1997. Thanks to a combination of global warming and unusually heavy rain, 1998 was "a year with an exceptionally large number of natural catastrophes .. A key role may also have been played by the fact that in terms of the mean global temperature, 1998 was by far the warmest year since measurements were first taken worldwide around 150 years ago." the statement said."; "It’s been a year of natural catstrophes. Torrential rain, huge winds and earthquakes have caused 50,000 deaths and damage costing more than £60 billion. The economic cost of the tragedies around the world is the second highest in history. In 1997 there were 13,000 deaths and damage was estimated at £20 billion. The 1998 damage figure was exceeded by 1995’s £120 billion of damage - and that was almost entirely caused by the kobe earthquake in japan. According to german insurance giants munich re, global warming and unusually heavy rain turned 1998 into a "year with an exceptionally large number of catastrophes." And its been a dreadful decade. The past ten years has seen three times as many natural disasters compared to the sixties. The worst economic disaster in 1998 was the flooding of the yangtze river in china. The cost was put at £20 billion - but because so little of the property was insured its insurance value was put at less than £1 billion. The second most serious disaster in economic terms was hurricane georges, which brought severe floods to the caribbean, gulf of mexico and florida. It caused insured losses of around £2.5 billion - but the real economic cost was actually close to £10 billion. Forest fires aggravated by the exceptionally hot weather in the usa caused around £3 billion of damage and cost 130 people their lives. A severe ice storm in canada caused £2.5 billion damage - almost £1billion of which was covered by insurance."

1997-1998.
"The Munich Reinsurance Company estimates that total global economic losses from natural disasters for the two years 1997 and 1998 reached US$120 000 million."

1973-1993.
"The royal society of canada concludes that over the last two decades, natural hazards such as windstorms, floods and fires, have increased significantly. In the past twenty years an estimated 3 million people have been killed, over 800 million lives affected and C$300 billion lost as a result of natural disasters worldwide ..."

1986-95.
"Allowing for inflation, losses over the decade 1986-95 were eight times higher than in the 1960s (Munich Re 1997 and 1998)."

1990-96.
"Economic damage from weather-related disasters exceeded US$200 000 million during 1990-96, four times the total losses for the previous decade (Worldwatch Institute 1997)."

1988-98.
"And its been a dreadful decade. The past ten years has seen three times as many natural disasters compared to the sixties."

El Nino 1982-1983, Pacific.
"The powerful el nino in 1982-83 inflicted an estimated £8.5 billion damage and claimed some 2,000 deaths."; "Forest fires are nothing new to indonesia. During 1982-83, fires swept through 3.6 million hectares of kalimantan. Smoke shrouded the area for more than four weeks, and the cost in lost timber stocks was estimated at more than $5 billion." - these losses were not insured. "In 1982 and 1983, el nino .. triggered forest fires in borneo that covered an area the size of belgium; typhoons were diverted onto new tracks, crashing into hawaii and tahiti; australia had its worst drought for a century and experienced massive wildlfires; california and the southern u.s. faced record storms and floods. Overall, the loss to the world economy from this one weather phenomena was put at more than $13 billion."

Hurricane Bob, 1985, United States.
"The first hurricane to make landfall in the northeast US since 1985, Bob kills 18 people and causes damage exceeding US$1.5 billion .. With winds gusting at more than 100 mph, the storm "seemed to reserve some of its fiercest fury for the playgrounds of the rich and famous", hitting the Hamptons, beaching scores of yachts on Shelter Island, moving up through Martha’s Vineyard before blacking out Cape Cod."

Hurricane Georges.
"The second most serious disaster in economic terms was hurricane georges, which brought severe floods to the caribbean, gulf of mexico and florida. It caused insured losses of around £2.5 billion - but the real economic cost was actually close to £10 billion."

Forest Fires, 1997, Usa.
"Forest fires aggravated by the exceptionally hot weather in the usa caused around £3 billion of damage and cost 130 people their lives."

Ice Storm, 1997, Canada.
"A severe ice storm in canada caused £2.5 billion damage ..."

Oder Flooding, 1997, Western Europe.
"A year ago (1997), more than a hundred died and thousands were left homeless when the river Oder flooded, devastating parts of Poland, Germany and the Czech Republic. Damage was estimated at 65 billion pounds."

El Nino 1997-1998, Pacific.
"Earlier this year, Paul Epstein of the Harvard Medical School in the US totted up the bill for the bubble of unusual heat in the Pacific that began in 1997, and continued to the end of 1998. These included: widespread flooding in China, in which 230 million people lost their homes; delays to the monsoon in India, and severe flooding in Bangladesh; flooding in Texas, followed by drought and a heatwave with significant agricultural damage and human deaths; Hurricane Mitch, which dumped up to six feet of rain, destroyed up to 95 per cent of the crops and killed more than 11,000 in the Central American isthmus; a severe cold wave in Europe in October 1998 and a crippling ice storm in December in the southern US; and drought and prolonged forest fires in Indonesia, Brazil, Central America, Florida, floods in California and Mexico. In the first 11 months of 1998, weather-related losses totalled $89 billion, along with 32,000 deaths and 300 million displaced from their homes, according to the Epstein report, more than all the combined losses in the 1980s. In China, 3,700 died, 233 million were forced to leave their homes and losses were put at $30 billion."; "El Nino is estimated to have cost 21,000 lives in 1998 .."; "El Nino, the cyclic Pacific heatwave that clocked up more than $100 billion of damage to the world in 1998, has not finished yet."

La Nina, 1998-1999.
If the 1998 el nino caused havoc around the world then its counterpart, la nina, turned out to be almost as bad. It triggered off hurricane mitch in honduras, nicaragua and el salvador, "Hurricane mitch appears to have brought the first eco-disaster, generated by freak storms from the la nina climatic shift, the daughter of the more celebrated el nino. The fear is now that more and worse storms could lie in the future." It caused storms which battered orissa in india. And it produced cyclone eline which flooded large parts of south-east africa, "Like other forecasters, mark jury says that the root cause of the floods (in mozambique) was la nina - a cold water oscillation in the equatorial pacific - which is now at full force."

Hurricane Mitch, Honduras, Nicaragua and El Salvador.
Hurricane mitch devastated virtually the whole of honduras as well as large parts of nicaragua and el salvador, "Hurricane Mitch killed more people than any storm in the western world for 200 years. It was the fourth fiercest hurricane in the Caribbean this century."; .. "hurricane mitch hit central america in 1998, dumped metres of water on steep hillsides, and started landslides in which more than 10,000 perished."; "Hurricane mitch, which dumped up to six feet of rain, destroyed up to 95 per cent of the crops and killed more than 11,000 in the Central American isthmus ..."; "For example, in October 1998, Hurricane Mitch slammed into Central America and stalled for more than a week. Nightmarish mudslides obliterated entire villages; 10,000 people died; half the population of Honduras was displaced and the country lost 95 percent of its crops. Global warming and the more destructive storms associated with it may explain why Mitch was the fourth strongest hurricane to enter the Caribbean this century, but much of the damage was caused by deforestation. If forests had been gripping the soil on those hills, fewer villages would have been buried in mudslides."

Orissa, India, October 1999.
"Over 10 000 people died in eastern India as the second tropical cyclone in two weeks struck Orissa state in the final days of October 1999. With winds reaching 260 km an hour, the storm was classed as a supercyclone. It created the "worst flooding in 100 years" according to Asim Kumar Vaishnav, chief adminstrator of the state capital." The mirror believed that huge numbers were killed by one of the worst storms ever recorded .. "the 10,000 or more people killed in the october cyclone, the worst recorded in meteorological history."

Cyclone Eline - Mozambique, Zimbabwe, October 1999.
Millions of people have been made homeless and thousands may have died as a result of torrential rain leading to the flooding of the limpopo and save rivers in mozambique, "In mozambique 300,000 people are left homeless and hundreds have been killed in devastating floods."; "Disaster struck after cyclone eline swept in in the wake of devastating torrential rains. The flooding has hit neighbouring zimbabwe where 250,000 people were forced to flee raging waters. On sunday, zimbabwe was forced to release billions of gallons of water from its overflowing kariba dam. Tragically the water is heading for doomed mozambique."; One aid worker estimated that, "Two million people have been affected, 900,000 are in severe need. They’re either trapped or left with nothing."; "The official death count in the wake of cyclone eline is 47." "Last month he (mugabe of zimbabwe) toured the south-east of his country devastated by cyclone eline, which killed 60 people and made 250,000 homeless."

Venezuela - December 1999.
It is not known whether the storms which devastated coastal areas of venezuela were also produced by la nina, "In Venezuela, an estimated 30 000 people were killed by mudslides and flash floods in mid-December 1999 as thousands of homes in mountainside shanty towns were swept away. Civil defense chief Angel Rangel said that the problem "was not so much the rain but the type of country on which it fell. In Caracas it rains for one hour and slums slide down the mountain."; .. "the catstrophic rains that swept as many as 20,000 to their deaths in venezuela .."

France - December 1999.
"In france, storms cause 90 fatalities, destroy 270 million Trees and trigger £7.5 billion worth of damage."; .. "the 200km per hour winds that battered france .."

The United States.
"The worst weather catastrophes weighed in with Cyclone Iniki in 1992, costing $1.4bn, Hurricane Hugo in 1989 at $5.8bn, the Mississippi floods in 1993 at £15.6bn, and the number one most expensive disaster, Hurricane Andrew in 1992, costing $20bn. And this year is bringing in a record number of hurricanes, including the all-time third most expensive one, Hurricane Opal, which caused $1.8bn damages in Florida alone."

US Weather Disasters since 1980 involving billion dollar plus economic losses.
1. Severe floods -summer 1993. Central US. $12 billion, 48 deaths.
2. Storm/Blizzard - March 1993. Eastern US. $6 billion, 270 deqths.
3. Hurricane Iniki - September 1992. Hawaii. $1.8 billion. 5 deaths.
4. Hurrican Andrew - August 1992. Florida and Louisiana. $25 billion, 58 deaths.
5. Hurricane Bob - August 1991. Coastal North Carolina, Long Island and New England. $1.5 billion, 18 deaths.
6. Hurricane Hugo - September 1989. North and south Carolina. $7.1 billion, 57 deaths.
7. Drought/Heatwave - Summer 1988. Central and eastern US. $40 billion, estimated 5,000 to 10,000 deaths.
8. Hurricane Juan - October-November 1985. Louisiana and Southeast US. $1.5 billion, 63 deaths.
9. Hurricane Elena - August-September 1985. Florida and Louisiana. $1.3 billion, 4 deaths.
10. Hurricane Alicia - August 1983. Texas. £2 billion, 21 deaths.
11. Drought/Heatwave - June-September 1980. Central and eastern US. $20 billion, estimated 1,300 deaths."

Western Europe.
"In January of 1995, Europe was devastated by yet another "hundred year" flood its second in 15 months. The floods caused the evacuation of 250,000 people in Holland, and cost billions of US dollars in damages. According to Dutch climate expert Pier Vellinga, though the floods were not proof of climate change, they were consistent with global circulation models (GCMs) and with current CO2 concentrations. He said, "I would be surprised if something like this did not happen.""

1992.
"Reported losses of life due to extreme weather events in 1992 included:
Pakistan 5,112 - flood
India 1,382 - flood, cold and storms;
China 1,110 - storm and flood;
Madagascar hundreds - drought starvation and disease;
Turkey 284 - avalanches;
USA 114 - hurricane and tornadoes;
Indonesia 86 - flood and landsides;
Japan 83 - wind and flood;
France 80 - storm and flash floods;
Argentina 54 - flood.
Between 1987-1992 there were 41,831 fatalities in 68 countries as a result of weather events."

1997.
"Natural disasters caused .. 13,000 deaths and damages of $30 billion in 1997."

1998.
"Natural disasters caused 50,000 deaths .. in 1998 - the second highest figure ever, the world’s largest reinsurers said tuesday."; "Last year, the warmest on record, was the worst year for climate related disasters. According to red cross calculations, 57, 513 people died and 335 million people lost their homes, or their livelihoods, or their crops, or their livestock, or their children, or their hopes."

2.1.6: Conclusions: Climate Killing more People than Wars.
Although the climate disasters highlighted above are only samples of what has been happening over the last decade or so, it should be transparent that they have caused a considerable amount of economic damage and a huge death toll around the world. In december 1999 one disaster relief expert argued that the climate is killing more people than wars. It was transparently obvious from greenpeace’s ‘Climate Time-Bomb’ that climate disasters were causing more homelessness than wars so it is not surprising to come across such a conclusion, "Maybe it is the decade of heightening awareness to the fact that natural disasters actually kill far more people than wars do, says Peter Walker of the Red Cross."

TWO: EVIDENCE OF RISING TEMPERATURES AND INCREASING CLIMATIC INSTABILITY PROVIDED BY GLOBAL INSURANCE PAYOUTS.
2.2.1.1: Introduction.
As scientific director of greenpeace international’s climate campaign in the early 1990s, jeremy leggett was trying to popularize the threat posed by global burning at a time when global temperatures had risen by a mere half a degree over the previous century. Such a small rise was not going to appear as much of a threat to the vast majority of people without a degree in Earth sciences. His idea for dramatizing the threat posed by global burning was to focus on climatic disasters costing the global insurance industry more than one billion dollars - see ‘The Climate Time-Bomb’. He argued there were no such insurance losses before 1987, "For the 20 year period up to October 1987, there had been no catastrophes causing losses of more than a billion dollars (in constant 1992 dollars)." He then suggested that since 1987 there have been about 15 climate disasters, "In the past five years, (1989-1994) there have been fifteen ‘billion dollar’ climate-related natural disasters ..."

The following section explores the billion dollar climate insurance disasters mentioned in ‘The Climate Time-Bomb’. The section thereafter explores the latest list of climate disasters in leggett’s ‘The Carbon War’.

2.2.1.2: Greenpeace’s List of Climate Disasters causing Billion Dollar Insurance Losses between 1987 and 1994.
This list of billion dollar climate insurance disasters has been compiled from a number of publications - the list is in chronological order:-

No.1; October 1987, North West Europe.
"An unnamed storm (in Europe) in October 1987 had caused $2.5 billion of insured losses."
No.2; Hurricane Hugo, September 1989, Usa.
"Hurricane Hugo of 1989, which caused $5.8 billion of insured losses, was the most expensive disaster in US history."; "Hurricane hugo in 1989 caused $8billion of damage when it struck southern carolina .."
No.3; Windstorm Daria, January 1990, North West Europe.
In Europe in January 1990 .. "the insurance bill for Windstorm Daria had been $4.6 billion."
No.4; Windstorm Herta, February 1990, North West Europe.
Windstorm Herta $1.3 billion."
No.5; Windstorm Vivian, February 1990, North West Europe.
Windstorm Vivian $3.2 billion."
No.6; Windstorm Wibke, February 1990, North West Europe.
Windstorm Wibke $1.3 billion."; The three storms which hit europe in quick succession at the beginning of 1990 .. "piled up $5.8 billion in losses."
No.7; Windstorm, July 1990, Colorado Usa.
"Seventh ‘billion-dollar’ natural catastrophe in three years. .. a windstorm in Colorado .. causes more than a billion dollars of insured losses."
No.8; Typhoon Mireille, September 27th 1991, Japan.
"Typhoon Mireille, the eighth billion-dollar storm since 1987, hits Japan. On 27 September, Mireille becomes the sixth strongest in the Japan Meteorological Agency’s records. It damages 1.6% of all Japanese households, draining $2.21 billion from the Japanese insurance industry’s property-catastrophe reserve system ..."
No.9; Wildfire, October 1991, Usa.
"Californian wildfire: ninth billion-dollar catastrophe in four years. In the fifth year of the Californian drought, a major bushfire sweeps through the Oakland Hills. The insurance price tag exceeds $1.7 billion, and the economic losses are around twice that. It is the third biggest fire in US history ..."
No.10; Hurricane Andrew, August 1992, Usa.
"(Hurricane) Andrew reaches storm intensity on August 17th and crashes into the Bahamas on August 23rd. The hurricane continues west and runs into Florida on the morning of August 24th. .. Andrew kills 23 people and costs $20 billion in total economic losses. Insured losses hit a new world record of $16.5 billion, and a storm track 20 miles north would have made it at least $50 billion worse. It leaves 250,000 temporary homeless .. Andrew is the third most intense hurricane to hit land in the US this century."; "Between 1970 and 1992, the insurance industry had taken $10.8 billion in premiums in Florida. In the few hours it took Hurricane Andrew to pass across the state in August 1992, the industry lost all that and almost $6 billion besides."; "The Florida emergency services .. estimated property damage at between $15-20 billion making this the most expensive storm in US history. The US air force base at Homestead was effectively destroyed."; "Hurricane andrew in 1992 .. caused over $20 billion of damage."; Hurricane Andrew inflicted a considerable level of damage on the road/car/oil industries, "To date, the irony of the potential link between fossil fuel related greenhouse gas emissions and some of the biggest losses incurred during Hurricane Andrew has occurred to surprisingly few in the insurance industry, and seemingly nobody in the oil industry. As Andrew passed over the Gulf of Mexico, it toppled 43 oil rigs and left 125 leaning, damaged 393 pipelines, and set 5 rigs adrift. The total bill for the industry and its insurers came to $200 million."
No.11; Cyclone Iniki, September 1992, Hawaii, Usa.
Less than a week after hurricane andrew and hurricane iniki hits hawaii, "With insured losses of $1.6 billion, Cyclone Iniki becomes the tenth "billion dollar windstorm" for the insurance industry within five years. It was the strongest hurricane to affect Hawaii since the Weather Service opened in world war II."
No.12; March 1993, Usa.
"US storm of the century causes havoc from Canada to Cuba. Total insured losses reach $1.6 billion and total costs were over $6 billion. The "snowicane" kills 270 people ..." "In fact, insurance losses alone would eventually reach $1.6 billion, making it the twelfth climate-related billion-dollar disaster for insurers since 1987."
No.13; The Mississippi floods, July 1993, Usa.
"The damage bill passes the $10 billion mark."; In terms of insurance costs, "$1.0 billion." William james burroughs, a global burning sceptic, retorts that .. "the massive mississippi floods of june 1993, the global figure estimated the damage at $15 billion. But the exposure of the insurance companies was much smaller, being just under $1 billion."
No.14; October/November 1993, California, Usa.
"South California wildfires $1.0 billion."; "In California, meanwhile, two weeks of briush fires were in the process of clocking up another ‘billion-dollar cat’ for the insurance industry. Twenty-six forestorms burned some 800 square kilomtres from the mexican border to los angeles." .. "the fourteenth weather-related ‘billion-dollar cat’ for insurers since 1987."
No.15????; January 1994, Germany.
"Germany - un-named storms - more than $2.0 billion." Leggett doesn’t mention this billion dollar disaster in his book ‘The Carbon Wars’.

2.2.1.3: Adminstrative Criticisms of the Billion Dollar Disasters
Whilst leggett’s ‘Climate Time Bomb’ was a considerable political success it did have a number of intellectual failings. Although leggett has written many articles on climate disasters, he’s never bothered to provide a consistent list of these disasters. For someone who spent eight years creating hard-hitting sound bites for greenpeace this is unexpected. Firstly, the numbering of the disasters never matches up from one publication to the next. In one publication he claims there have been ‘w’ disasters over the last ‘x’ years, whilst in the next it is ‘y’ disasters over ‘z’ years. Secondly, it is far from clear how many disasters there have been. In one article leggett states here have been more than 15 one billion dollar insurance disasters - if natural and industrial accidents, such as the piper alpha disaster, are taken into account. In another article the number then drops to 12, "Between 1966 and 1986 no one natural catastrophe anywhere on earth cost insurers more than one billion US dollars. Between 1987 and today no less than 12 did, costing insurers nearly $50 billion." before increasing to 16, "Considering only events which have involved insured losses of over a billion 1992 US dollars, 1966 to 1987 was a period which - although far from catastrophe-free - had no catastrophes which topped the billion dollar. But in the period from 1987 through the first quarter of 1993, there have been no less than 16 ..." Thirdly, it is far from clear which disasters cost more than one billion dollars.

2.2.1.4: Leggett’s Recent work on Climate Disasters causing Billion Dollar Insurance Losses (1994-1998).
No.??; Hurricane Opal 1995, Usa.
"And this year is bringing in a record number of hurricanes, including the all-time third most expensive one, Hurricane Opal, which caused $1.8bn damages in Florida alone."
No.20; Hurricane Fran - September 1995, Carolinas, Usa.
Hurricane fran .. "hit the beach at cape fear in the carolinas on september 5th .. Thankfully, fran was only category 3 at the time, but she caused damage to thousands of homes in the carolinas, virginia, maryland, pennsylvania and ohio. The us property claims services division made an initial estimate of $1.6 billion in insured losses, making fran the 10th biggest weather-related loss ever, and bringing the number of all time billion-dollar weather cats to 20. Fifteen of these had now been since 1987."
No.??; Hurricane Georges 1998, Caribbean and the Gulf of Mexico.
"The year (1998) saw severe floods and cyclones such as hurricane georges in the caribbean and the gulf of mexico, which, with its insured losses of $3.3 billion, was the third most expensive in u.s. insurance history and the largest insurance loss of the year, munich re said.""; "The second most serious disaster in economic terms was hurricane georges, which brought severe floods to the caribbean, gulf of mexico and florida. It caused insured losses of around £2.5 billion - but the real economic cost was actually close to £10 billion."
No.??; Ice Storm 1998, Canada.
"A severe ice storm in canada caused £2.5 billion damage - almost £1billion of which was overed by insurance."
No.??; Hurricane September Mitch - September 1998, Florida, Usa.
.. "september’s $3.3 billion hurricane mitch, another dodged bullet for florida in that it caught only the florida keys." It ought to be pointed out that september mitch is not the same as october’s mitch which devastated honduras.
No.??; Flooding - 1998, Yangtze river, China.
.. "terrible summer floods along china’s yangtze river."

2.2.1.5: Criticisms of Leggett’s Recent Billion Dollar Insurance Disasters.
Some of the criticisms levelled at leggett’s ‘The Climate Time Bomb’ also apply to ‘The Carbon War’. It was hoped that one of the minor benefits of his new book would be to find a precise list of the billion dollar insurance disasters. But this was not to be. The disaster that leggett had originally regarded as the fifteenth disaster was not mentioned in ‘The Carbon Wars’. He then lapses into indifference by failing to highlight the following four events, "Four more events joined the list of billion dollar catastrophes: three storms in america, and terrible summer floods along china’s yangtze river. One of the american storms was september’s $3.3 billion hurricane mitch .." This is frustrating. How is it possible to use such handy propaganda when it’s surrounded by such confusions? Perhaps the most significant difference between leggett’s early work and his most recent one is that he no longer argues there were no billion dollar climate disasters before 1987, "Between 1966 and 1986 no one natural catastrophe anywhere on earth cost insurers more than one billion US dollars." He now argues, "Fifteen of these (20 disasters) had now been since 1987" implying the rest occurred before 1987.

Droughts, 1990-1991, Brutland.
"In britain drought caused by climate change cost the insurance industry £500 million in claims in 1990 and 1991."

Floods - 1995, North-west Europe.
"Munich re registered 577 natural catstrophes worldwide. Among these, flooding in january and february in north-west europe had seen 240,000 people evacuated in the netherlands just 13 months after the xmas floods of 1995. These floods involved $3.5 billion in economic losses and $900 million in insured losses. Swiss re reported that if dykes on the rhine and meuse had been breached, the economic losses would have exceeded $50 billion."

Easter Floods, 1998, Brutland.
"Insurance firms are braced for a massive £500 million payout after the easter floods. And some experts warn the final bill could be three times as high and send premiums soaring. The worst floods for 100 years caused havoc in the midlands and east anglia, leaving five dead and forcing thousands to flee their homes. Claims negotiator jeffrey salmon fears the early estimates could be "drastically out"."

Hurricane October Mitch - October 1998, Central America.
"Another hurricane, october’s mitch, killed over 10,000 in central america, devastated the entire economy of honduras, but clocked less than $150 million in insured losses."

2.2.3.1: Annual Insurance Costs.
1989.
Total insured losses from natural and man-made catastrophes - "In 1989 they reached $14 billion."

1990.
Total insured losses from natural and man-made catastrophes - "In 1990 $18billion."

1991.
Total insured losses from natural and man-made catastrophes - "In 1991 $15 billion."

1992.
"Insured losses were ..a .. record of $24.4 million in 1992." "Natural-catastrophe insurance losses around the world had reached an all-time record in 1992."

1993.
"Insured losses were $10 billion in 1993 .."

1994.
"Insured losses of .. 1994’s $17 billion."

1995.
"In 1995, weather extremes caused $100 billion worth of damage with costs to insurance companies amounting to $9 billion."; "Insured losses of just under $16 billion were high, but lower than the record year of 1992’s $28 billion and 1994’s $17 billion. Munich re registered 577 natural catstrophes worldwide. Among these, flooding in january and february in north-west europe had seen 240,000 people evacuated in the netherlands just 13 months after the xmas floods of 1995. These floods involved $3.5 billion in economic losses and $900 million in insured losses. Swiss re reported that if dykes on the rhine and meuse had been breached, the economic losses would have exceeded $50 billion."

1996.
"The record showed that nature had been kind to the global insurance industry in 1996. The industry suffered $9 billion in losses in 1996, well below the figures for 1995 and 1994."

1997.
"The global insurance industry paid out US$4,500 million for disaster-related damage in 1997 ..."

1998.
"The rapid warming of the past 25 years is now greater than any time since temperatures were measured, and we have seen the largest recorded jump in the global concentration of carbon dioxide, the main global warming gas - much attributable to the forest fires that accompanied El Nino. Weather-related damage like storms cost insurance companies $92bn (£57bn) in 1998."; "The hottest year ever coincided with the costliest year ever for insured losses from weather-related catstrophes. The catalogue of storms, floods, droughts and fires around the world in 1998 exceeded all the weather-related losses of the 1980s."

2.2.3.2: Periodic Insurance Costs.
1970-1985.
"Between 1970 and 1985, total insured losses from natural and man-made catastrophes had varied between $2 billion and $6 billion (at 1991 prices)."

1970-1992.
"Between 1970 and 1992, insurance companies took more than $10 billion in premiums for property insurance in Florida. On 24th August 1992, within the few hours Hurricane Andrew took to pass over the state, they lost all of that, and another $6.5 billion besides. In the past six years the insurance industry has been hit by a succession of huge claims following devastating tropical hurricanes.
In 1988 Hurricane Gilbert devastated Jamaica;
in 1989 Hurricane Hugo caused havoc in the West Indies;
in 1992 Hurricane Andrew, followed a month later by
Cyclone Iniki, the most powerful storm to hit Hawaii this century."

1987-1994.
Since 1987 the world’s insurance industry has suffered huge financial losses as a result of claims for asbestos-related health problems, natural disasters, industrial accidents, and climate disasters, etc. The losses caused by climate disasters have been the most substantial, "Since 1987 insurance companies have had to pay more than $50 billion in meeting claims following a string of severe storms and other disasters."

Climatic disasters have inflicted severe losses on the lloyd’s insurance market. Despite the fact that global burning has hardly started to bite, it has already been close to bringing down one of the world's biggest financial institutions. Since 1986 lloyd's accounts have been as follows:-
1986 profits exceeded $1,000 million;
1987, profits were around $700 million;
1988 losses were $1 billion;
1989 losses were $3.3 billion;
1990 losses were $4.3 billion (five of the biggest insurers lost $1 billion);
1991 losses were £2.5 billion.

The poor not only suffer from loss of property as a result of climatic damage they are not insured to enable them to recover from the disaster, "Overall, the poor are the most likely to suffer from major disasters and the least likely to be insured against loss. In 1997, Asia suffered 33 per cent of the world's catastrophic events, 67 per cent of the casualties and 28 per cent of the economic losses. However, only 0.2 per cent of those losses were covered by insurance policies. The global insurance industry paid out US$4 500 million for disaster-related damage in 1997, and 66 per cent of the claims were made in the United States (Munich Re 1998). Thus insured losses and repayments are concentrated mainly in the richer industrialized countries."

THREE: THE INCREASING FREQUENCY AND INTENSITY OF CLIMATE DISASTERS.
The previous sections suggest that the rise in global temperatures has produced an increase in the frequency and intensity of climatic disasters. This section highlights the advocates and critics of this hypothesis.

Jeremy Leggett.
"Hurricanes of record strength are hitting the Pacific. Anomalously intense droughts have struck southern Africa, northern Brazil, California, SE England and other places. Unexplained inundations have caused ruinous flooding in the USA, Pakistan, China and elsewhere. Forest fires of unusual size and destruction have hit the boreal forest latitudes, especially in Siberia. Meanwhile, billion dollar wildfires have hit urban areas in California. The list is becoming suspiciously long."

Simons, Paul.
"But recent hurricanes have been some of the strongest on record. Hurricane andrew in 1992 was rated five out of five on the international scale of storm intensity with winds of 200 mph and caused over $20 billion of damage. Hurricane hugo in 1989 caused $8billion of damage when it struck southern carolina, and was rated four out of five. Hurricane gilbert in 1988 devastated jamaica, the yucatan peninsula in central america and the gulf of mexico with a five out of five rating. It left 200 dead and eight hundred thousand homeless."

Red Cross.
One disaster relief expert for the red cross argues that the climate is killing more people than wars, "Maybe it is the decade of heightening awareness to the fact that natural disasters actually kill far more people than wars do, says Peter Walker of the Red Cross." What he seems to be implying is that the increase in storm fatalities is a measure of the increase in the ferocity and intensity of storms.

Hulme, Mike.
In february 2000 hulme made one of the most dramatic announcements so far about global burning. He insisted not merely that there has been a rise in global temperatures nor merely that humans are responsible for this rise in global temperatures, but that the increase in global temperatures is causing an increase in the frequency and intensity of storms around the world. Humans are responsible for the spate of storms that have been hitting many countries around the world over the last decade or so, "With wearied resignation, they (meteorologists) are now admitting what was long suspected - that global warming must be accepted unambiguously as the trigger for increasingly unstable weather fronts, storms, melting glaciers and rising seas, "We can no longer say we are still unsure whether extreme weather events are caused by global warming or not," says mike hulme of the climate research unit."

2.3.2: Critics of the Hypothesis.
There are commentators who dismiss speculation about increasing climatic disruption.

Gregg Easterbrook.
Not surprisingly, gregg easterbrook dismisses the idea that storms are becoming more intense, "The prospect that a warming world will be one of disastrous storms has caught on in popular culture. So far this notion is unsupported by research. So far research suggests that warm years tend to produce more storms of low intensity, cool years fewer storms of higher intensity." It ought to be pointed out that easterbrook’s book was completed in the early 1990s before the publication of greenpeace’s notebook listing the increasing number of climatic disasters since the late 1980s - although whether this would have made any difference is doubtful.

William James Burroughs.
William james burroughs dismissed the idea of increasing climatic disruption. Writing just before the onset of the 1997-98 el nino he stated, "Overall, there is no clear evidence that extreme weather events, or climate variability, has increased, in a global sense, during the twentieth century."; .. "there is little evidence that the weather is becoming more extreme."; .. "it is clear there is no trend in the number or intensity of hurricanes in the tropical atlantic. These observations (from satellites and military missions) clearly show there has been a marked decline in activity in general, and in the incidence of intense hurricanes in particular during the last 50 years." It could be true statistically that there has been no increase in extreme weather events over the last century - despite the spate of disasters which have taken place since 1987. This is similar to what has happened as far as the rise in global temperatures over the last century: the tiny rise in global temperatures since 1880 disguises the significant rise in global temperatures which has taken place over the last couple of decades. What this issue boils down to is whether the sudden rise in climatic disasters and global temperatures since 1975 is the start of a new climatic trend or just a temporary upsurge.

Burroughs criticizes leggett’s evidence from the insurance industry concerning the increase in climatic disruption. He doubts whether the insurance cost of storm damage has grown once inflation is taken into account, "The standard practice is to reduce damage figures to a common base by correcting for the changing cost in construction and the changing population. For instance, between 1950 and 1990 construction costs in miami rose by a factor of 5.7 and the population rose by a factor of six. So, to convert the cost of a 1950 hurricane with a comparable event in 1990 we need to normalize the earlier figure by the product of the rise in construction costs and the rise in population (i.e. 5.7x6 = 34.2). This results in, say, hurricane king, which caused $28 million of damage in 1950, being estimated as equivalent to $957 million in 1990 prices." He produced a graph of climate-induced insurance disasters over the last fifty years and showed there has been no increase. He dismisses the contention that climatic disasters are a recent phenomena, "The fact that by far the most costly disaster was the great appalachian storm in november 1950, which resulted in insured losses of $174 million (in 1992 figures this is estimated to be equivalent to $6.6 billion), shows the u.s.a. has a long history of damaging weather.."

It seems as if leggett has accepted this criticism because in his recent book he admits there have been billion dollar climate disasters before 1987 - but gives no details. He argues that hurricane fran brought .. "the number of all time billion-dollar weather cats to 20. Fifteen of these had now been since 1987."

Gray, William.
Gray believes that although there has been a dramatic increase in the ferocity of storms since 1994 this has nothing to do with global burning but with the regular cycle of hurricane activities produced by oceanic circulation, "Reliable records for storms that hit the continental u.s. go back to 1900. They show that the frequency and intensity of hurricanes in the north atlantic appear to run in cycles: 30-40 years of high activity followed by a similar period of calm. From the 1960s to 1994, storm numbers were lower than average. Then 19 occurred in the summer and autumn of 1995 alone, the largest number since the 21 recorded in 1933. "In the next 2-3 decades, we’re going to see hurricane damage like we’ve never seen," says william gray of colorado state university in fort collins, an expert in forecasting hurricane trends. "These last four years have been the most active four years on the record," Gray says. Gray believes the driving force behind these temperature shifts is the ocean’s global circulation, driven by cold, dense surface waters sinking to the ocean bottom near Greenland. Large ice flows in the late 1960s made that cold water less salty, and thus less heavy, slowing its push on the global ‘conveyor belt’ and cooling the north atlantic. He says the circulation changed again about 1994, leading to a warmer ocean and the intense storm season that followed. One reason hurricane prediction is so difficult is that other climate oscillations such as el nino affect different parts of the world differently. During an el nino, when warm surface waters appear in the east pacific, the number of atlantic storms stays low because of changes in high altitude winds. (El ninos produce strong winds in the stratosphere which blow away the tops of the atlantic hurricanes preventing them from forming)."


Horizontal Black Line

GUIDES TO CARBONOMICS - Carb Overview - - Carb Summary - - Importance of the Carbon Spiral
JOURNAL of CARBONOMICS - Issue 1 / Issue 2 / Issue 3 / Issue 4 / Issue 5 / Issue 6 / Issue 7 / Issue 8 / Issue 9 / Issue 10
JOURNAL of CARBONOMICS COUNTRIES - Issue 1 (Britain).
JOURNAL of CARBONOMICS INDUSTRIES - Introduction
MUNDI CLUB HOME AND INTRO PAGES - Mundi Home - - Mundi Intro
JOURNALS - Terra / Terra Firm / Mappa Mundi / Mundimentalist / Doom Doom Doom & Doom / Special Pubs / Carbonomics
TOPICS - Zionism / Earth / Who's Who / FAQs / Planetary News / Bse Epidemic
ABOUT THE MUNDI CLUB - Phil & Pol / List of Pubs / Index of Website / Terminology / Contact Us

All publications are copyrighted mundi club © You are welcome
to quote from these publications as long as you acknowledge
the source - and we'd be grateful if you sent us a copy.
We welcome additional information, comments, or criticisms.
Email: carbonomics@yahoo.co.uk
The Mundi Club Website: http://www.geocities.com/carbonomics/
To respond to points made on this website visit our blog at http://mundiclub.blogspot.com/
1