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Politics : Formerly About Advanced Micro Devices
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To: Land Shark who wrote (1002929)2/28/2017 6:54:27 PM
From: Brumar891 Recommendation  Read Replies (1) of 1572384
 
Warren Buffett says global warming is not impacting the way Berkshire writes insurance

Buffett: Insurance industry catastrophes remarkably 'benign' Monday, 27 Feb 2017 | 8:03 AM ET | 04:07

Berkshire Hathaway CEO Warren Buffett on Monday said he has not yet seen sufficient evidence that climate change is affecting weather events to a degree that would make him change the way his conglomerate's insurance businesses write policies.

Events such as Hurricane Sandy have raised concerns that global warming is increasing the intensity and frequency of so-called superstorms.

"I have not seen anything yet that would cause me to change the way we look at evaluating quakes, tornadoes, hurricanes by atmosphere. Now, that may happen some day," he told CNBC's "Squawk Box."

He added that the frequency of Florida hurricanes has been "quite low" for roughly the last decade compared to historical trends, and storms in the Sunshine State, Texas and the U.S. Southeast have been "remarkably benign."

Buffett delivered a similar assessment in last year's annual letter to shareholders. In that letter, he said climate change had not up until then "produced more frequent nor more costly hurricanes nor other weather-related events covered by insurance."

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[ But fake scientist Bill Nye says you're mentally ill if you deny that climate change is ruining your life catastropically NOW. ]

cnbc.com
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