Profile image
By Climate Change Dispatch (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Lloyd’s of London CEO goes on incoherent rant against the weather

Tuesday, December 5, 2017 9:19
% of readers think this story is Fact. Add your two cents.

Headline: Bitcoin & Blockchain Searches Exceed Trump! Blockchain Stocks Are Next!

Yet another bit of virtue signaling, this time from the CEO of Lloyd’s of London, Inga Beale:

image

http://www.telegraph.co.uk/business/2017/12/02/extraordinary-year-must-step-tackle-climate-change/

The Telegraph has been getting shirty about me copying their articles (particularly any that criticise Jillian Ambrose it seems!).

So you will have to make do with my highlights.

She starts with two howlers:

As communities around the world pick themselves up after a string of devastating storms, floods and weather shocks, we are reminded about the impact of climate change.

The Lloyd’s market has paid almost $2bn (£1.5bn) in claims for natural catastrophes so far this year.  It could turn out to be one of the costliest years on record for natural disasters, a fact that will no doubt reinforce determination to tackle this growing problem. We know that the frequency and cost of natural disasters continue to rise, with direct losses over the past decade estimated at $1.4 trillion globally.

You will probably realize that her article is not worth reading at this stage:

1) First, she confuses weather with climate.

2) Secondly, she ignores the fact that insured losses are rising because global GDP is rising, and because there are more people and more infrastructure in areas at risk of weather disasters:

image_thumb33_thumb_thumb_thumb

https://twitter.com/RogerPielkeJr/status/684740869707071488

She then drivels on about what the insurance industry can do, such as:

1) Offering discounts for climate-resilient homes. (Whatever they are).

2) Getting governments to finance insurance for coastal and other natural habitats, which can help dampen the effect of storms. (She misses the real issue – that too many of these natural barriers, such as floodplains are being developed and built over).

3) Stopping investment in coal companies. (I’m sure China and India will really take notice of that).

4) Err – that’s it.

Meanwhile, Lloyd’s profits are doing very nicely, thank you, obviously not affected in the least by all of this climate catastrophe.

image

https://en.wikipedia.org/wiki/Lloyd%27s_of_London#cite_note-14

I cannot think of a better retort than this one from John Wright:

image

Read more at Not A Lot Of People Know That



Source: https://climatechangedispatch.com/lloyds-of-london-ceo-goes-on-incoherent-rant-against-the-weather/

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.