A report released by congressional invesitagators is saying that global warming damages could cost over $900 billion in insurance. This is of course in a worst case scenario situation, but these numbers are still jarring. Since Hurricane Katrina, hurricanes and flooding among others are now considered in the risk calculations by several private insurers.
What does this mean to you? More money out of your pocket. These ourageous costs could be a potential burden for taxpayers if insurance premiums for flood and crop losses increase. How's that for karma?
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