A successful effort to restrict global increases in temperature could reduce the cost of tropical cyclone damage by 80 percent, a risk modeling firm and a British trade group have concluded.

The Association of British Insurers, determined the increase in losses can be reduced by keeping the earth's temperature rise from exceeding 2 C or 35.6 Fahrenheit by 2080.

ABI's research also included data from AIR Worldwide Corp. in Boston. The report of their findings is titled "The Financial Risk of Climate Change."

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