Somebody has an agenda here.
...While homeowners are facing real problems with rising premiums and loss of coverage, some experts dispute the industry’s argument that climate change is playing a significant role.
In conjunction with the hearing, the committee released a report, “Uncovering the Economic Costs of Climate Change.” The report claims that a wide range of experts, from insurance industry analysts to actuaries, claim that climate change poses dangerous risks to the economy and the financial system, while also imposing “substantial costs” on American families....
That report is from a Democrat-majority committee. But then there's this:
...During his opening remarks at Wednesday’s hearing, Sen. Sheldon Whitehouse, D-R.I., chair of the committee, said that a letter from National Association of Insurance Commissioners (NAIC) warned that the committee’s report had some inconsistencies and inaccuracies. ...
Guess who wrote the DOOM DOOM DOOM material?
...Among the sources the report uses to defend its conclusions is the National Atmospheric and Oceanic Administration’s “Billion Dollar Disaster” tally. Dr. Roger Pielke, Jr., retired professor of environmental studies at the University of Colorado at Boulder, published a study in June raising a number of issues with the “scientific integrity” of the NOAA’s tally. The following August, NOAA appeared to concede many of Pielke’s points, saying it “will take actions to improve the documentation and transparency of the data set for greater compliance with NOAA’s Information Quality Guidelines.”...
First conclusion: NOAA has budget needs.
This sort of quackery has been their hallmark--not unlike NASA's--for years. Usually, Congress falls for the BeeEss--because Congress' job is to spend money and Members of Congress only consider the politics, not the realities.
But that's only Part One.
Second conclusion: Obviously, there are some insurance companies which are fishing for taxpayer support due to their El-Crappo underwriting whoring for business. Insurance companies have very fat lobbying money available.
Can you guess what happens next?
How about several heaping helpings of DOOM DOOM DOOM DOOM!!! softening up the opposition before an enormous gift of tax dollars?
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