This week marks the third anniversary of Hurricane Katrina, but that's not the only fact that prompted the lead article of our August E&S/Specialty Lines e-newsletter about hurricane forecasts, "Global Warming Not Linked To Increased Hurricane Activity."
The idea that specialty insurers and brokers might be interested in the science of global warming and the possible link to hurricane activity didn't occur to me until I attended an AAMGA University Weekend earlier this year.
During a break period of one particularly well-attended class, "Climate Change & Its Implications for the Property-Casualty Insurance Industry," a local wholesaler told me his firm had just started placing coastal property coverage. While understanding intricacies of weather science isn't necessary to place insurance, he thought there was something to be gained from understanding what climate studies might reveal about future needs for wind insurance.
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