Climate Change : Financial Risks to Federal and Private Insurers in Coming Decades are Potentially Significant

Weather-related events have cost the nation billions of dollars in damages over the past decade. Many of these losses are borne by private insurers & by two federal insurance programs -- the National Flood Insurance Program, which insures properties against flooding, & the Federal Crop Insurance Corp., which insures crops against drought or other weather disasters. The author was asked to: (1) describe how climate change may affect future weather-related losses; (2) determine past insured weather-related losses; & (3) determine what major private insurers & federal insurers are doing to prepare for potential increases in such losses. Includes recommendations. Charts & tables.Stephenson, John B. is the author of 'Climate Change : Financial Risks to Federal and Private Insurers in Coming Decades are Potentially Significant', published 2007 under ISBN 9781422315590 and ISBN 1422315592.