NEW YORK–Property-casualty insurers looking for clear-cut guidance for their catastrophe risk decisions were given much to think about after yesterday's session sponsored by The Bond Market Association.
Two meteorologist's, Kerry A. Emanuel, professor of atmospheric science at the Massachusetts Institute of Technology, and Stanley Goldberg, a meteorologist with the hurricane research division in Miami for the National Oceanic & Atmospheric Administration (NOAA), presented contrasting views on the future of hurricanes.
Mr. Emanuel said increased hurricane activity witnessed in the last few years is a byproduct of global warming caused by the release of man-made carbon emissions. In his interpretation of the data, duration and intensity of hurricanes is increasing primarily because of the warming of the sea surface.
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