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Climate Change: Financial Risks
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Authors: GAO 
Book Description:
Weather-related events have cost the nation billions of dollars in
damages over the past decade. Many of these losses are borne by
private insurers and by two federal insurance programs the National
Flood Insurance Program (NFIP), which insures properties against
flooding, and the Federal Crop Insurance Corporation (FCIC), which insures crops against drought or other weather disasters.
This book: (1) describes how climate change may affect
future weather-related losses, (2) determines past insured weather-related losses, and (3) determines what major private insurers and federal insurers are doing to prepare for potential increases in such losses. This book is fully indexed, excerped and reformatted.

Table of Contents:

Letter, pp. 1-4

Results in Brief, pp. 5-8

Background, pp. 9-10

Climate Change May Increase Losses by Altering the Frequency or
Severity of Weather-Related Events, pp. 11-18

Insured Weather-Related Losses Have Been Sizeable, and Federal
Insurers’ Exposure Has Grown Significantly, pp. 19-28

Major Private and Public Insurers Differ in How They Manage
Catastrophic Risks Associated with Climate Change, pp. 29-36

Conclusions, pp. 37-38

Recommendation for Executive Action, pp. 39-40

Appendix I Scope and Methodology, pp. 41-46

Appendix II National Flood Insurance Program, pp. 47-50

Appendix III Federal Crop Insurance Corporation, pp. 51-56

Appendix IV Consensus Statement among Participants at 2006 Munich Re Workshop, pp. 57-60

Index, pp. 69

      Climate Change and its Causes, Effects and Prediction
   Binding: Softcover
   Pub. Date: 2008, 3rd Quarter
   Pages: 75 pp.
   ISBN: 978-1-60456-488-4
   Status: AV
Status Code Description
AN Announcing
FM Formatting
PP Page Proofs
FP Final Production
EP Editorial Production
PR At Prepress
AP At Press
AV Available
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Climate Change: Financial Risks