Warren Buffet: Climate Not Impacting the Insurance BusinessPosted: March 2, 2017
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.”
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
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.”
View original post 198 more words