Saturday, February 23, 2019

Why tort and global warming abatement work

Simple, if global warming is true, then damages should be soon statistically detectable, and assigned as losses.

Oil companies and citizen's become aware of the connection, tort and global warming abatement, before the damages are detectable, they take out tort insurance policies. Insurance companies begin doing statistical research, locating potential liabilities to avoid.

So, insurance companies are very interested in relative hurricane strength, history of sea flooding and water damage in NYC. Detectable changers in el nino and so forth. Insurance companies insure Holocene man from Industrial man.Cities which decide building permits should note carefully decisions made based on future storm damage and flooding, some of those decision maybe statistically refundable.  Data points the path forward.

Unfortunately, Holocene man has a beef with Ice Age Man. Glacial cycles mean something and we quit doing them a long time ago. I am pretty sure glacial cycles and magma pumping below the surface are connected. We been missing a huge chunk of ice for a longer time than usual.

No comments: