Floods and drought: Lloyd's assesses climate change

Creation Groans REUTERS - May 7, 2007 NEW YORK - Lloyd's of London, the world's oldest insurer, offered a gloomy forecast of floods, droughts and disastrous storms over the next 50 years in a recently published report on impending climate changes. "These things are fact, not hypothesis," said Wendy Baker, the president of Lloyd's America in an interview on Monday. "You don't have to be a believer in global warming to recognize the climate is changing. The industry has to get ready for the changes that are coming." In a report on catastrophe trends Lloyd's is disseminating to the insurance industry, a bevy of British climate experts, including Sir David King, chief scientist to the British government, warn of increased flooding in coastal areas and a rapid rise in sea level as ice caps melt in Greenland and Antarctica. Northern European coastal levels could rise more than a meter (3 feet) in a few decades, particularly if the Gulf Stream currents change, the report says. Floods, which now account for about half of all deaths from natural disasters, could multiply and become more destructive, with annual flood damages in England and Wales reaching 10 times today's level, according to some studies. At the same time, drought patterns that are already forming in some parts of the world are going to get worse, particularly in southern Africa. Even the lush Amazon may dry up, and with less vegetation, more carbon dioxide will leak into the atmosphere, making the global warming problem even worse, the Lloyd's study says. - - - - http://www.reuters.com/article/environmentNews/idUSN0737930020070507?feedType=RSS&rpc=22 FAIR USE NOTICE: This blog contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of religious, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.