Advertisements

The Economist Peddles Extreme Weather Lies

Warren Buffett is at least brutally honest as to why climate change alarmism means big business for his re-insurance business (from a 2014 interview):

Interviewer: How has the latest rise of extreme weather events changed the calculus on Ajit Jain in reinsurance?

Warren Buffett: “The public has the impression, because there has been so much talk about climate, that the events of the last ten years have been unusual. …They haven’t. We’ve been remarkably free of hurricanes in the last five years. If you’ve been writing hurricane insurance it’s been all profit.”

Warren Buffett: “I love apocalyptic predictions, because … they probably do affect rates…”

https://climatism.wordpress.com/2014/03/05/climate-change-alarmism-is-big-business-for-billionaire-buffett/

NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

image

https://twitter.com/TheEconomist/status/906739904788430848

The Economist has been running this video on Twitter, with the usual fraudulent claims.

The film uses two examples:

  • Hurricane Harvey
  • Bangladesh flooding.

They forget to mention that Texas has had even more intensive storms in the past, notably 1978 and 1979, and that Bangladesh regularly floods.

But the headline claim is based on this graph:

image

The first thing to highlight about this, which should really give the whole away as an giant fraud, is that there were apparently virtually no extreme weather events in the early 20thC. Nobody with half a brain could seriously believe this, but apparently Economist readers do.

There appears to be no provenance given for this graph, which in itself is utterly damning for a supposedly serious journal. But it seems to be based on a similarly fraudulent claim from the insurance company, Munich Re, which was doing the rounds a…

View original post 169 more words

Advertisements

Warren Buffet: Climate Not Impacting the Insurance Business

Hasn’t he changed his tune since admitting that catastrophic climate predictions are great for the reinsurance business:

From a previous post:

Climate change alarmism is big business for ‘reinsurance’ billionaire Warren Buffett. But he doesn’t believe in it:

– Warren Buffett: “The public has the impression, because there has been so much talk about climate, that the events of the last ten years have been unusual…they haven’t!

– Warren Buffett: “We’ve been remarkably free of hurricanes in the last five years [Now eleven years or 4003 days]. If you’ve been writing hurricane insurance it’s been all profit.”

– Warren Buffett: “I love apocalyptic predictions, because … they probably do affect rates…”

– Warren Buffett: “we get a tax credit if we build a lot of wind farms. That’s the only reason to build them.”

https://climatism.wordpress.com/2014/03/05/climate-change-alarmism-is-big-business-for-billionaire-buffett/

Watts Up With That?

2016-hurricane-drought

Guest essay by Eric Worrall

Warren Buffet has repeated his inconvenient message from last year, that climate has not affected his insurance business – though he is concerned about future climate change.

Warren Buffett says global warming is not impacting the way Berkshire writes insurance

Tom DiChristopher
Monday, 27 Feb 2017 | 3:34 PM ET

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.”

Research shows…

View original post 198 more words


IPCC, Government, and Insurance Enables Dangerous Behavior

Climate change alarmism is big business for ‘reinsurance’ billionaire Warren Buffett. But he doesn’t believe in it:

– Warren Buffett: “The public has the impression, because there has been so much talk about climate, that the events of the last ten years have been unusual…they haven’t!

– Warren Buffett: “We’ve been remarkably free of hurricanes in the last five years [Now eleven years or 4003 days]. If you’ve been writing hurricane insurance it’s been all profit.”

– Warren Buffett: “I love apocalyptic predictions, because … they probably do affect rates…”

– Warren Buffett: “we get a tax credit if we build a lot of wind farms. That’s the only reason to build them.”

https://climatism.wordpress.com/2014/03/05/climate-change-alarmism-is-big-business-for-billionaire-buffett/

———

INCONVENIENT facts on the “Extreme Weather” meme :

“Extreme Weather Is Not Getting Worse” – Dr Roger Pielke Jr

https://climatism.wordpress.com/2016/08/24/extreme-weather-is-not-getting-worse-dr-roger-pielke-jr-2/

Watts Up With That?

Guest opinion: Dr. Tim Ball

“An ounce of prevention is worth a pound of cure.” – Benjamin Franklin

The claims of increasing disasters presented as inevitable by the Intergovernmental Panel on Climate Change (IPCC) provided opportunities for government interference and crony capitalism on a massive scale. Their actions ignored the realities and enabled unwise behavior by offering assistance and compensation if problems developed in areas where problems are well-known and inevitable.

The insurance industry is a major benefactor of this crony capitalism. They promoted the false IPCC claims on their web pages, sponsored documentaries, and did everything to exaggerate the threat. Look at the comments from the web page of Swiss Re.

Re/insurance plays an important role in managing climate and natural disaster risk, and that’s why it’s part of Swiss Re’s core business.

Managing climate and disaster risk is part of Swiss Re’s DNA.

Munich Re is a…

View original post 904 more words