Extreme weather from global warming is causing an increase in financial losses from events that are stressing the insurance marketplace, one catastrophe modeling firm contends.
Newark, Calif.-based Risk Management Solutions issued that warning with Friday's release of an Intergovernmental Panel on Climate Change report, which was written in part by an RMS scientist.
The IPPC group was established in 1988 by the World Meteorological Organization and the United Nations Environment Program. The "Summary for Policymakers" report it issued Friday warned about possible effects of global warming ranging from increased flooding, hunger, drought and diseases to the extinction of species.
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