Since Donny "2 Dolls"©Lawrence O'Donnell cares nothing for anything but himself, today's report that he's following through on his threat to kill anything even faintly related to climate change
The National Oceanic and Atmospheric Administration said on Thursday it would stop tracking the cost of the country's most expensive disasters, those which cause at least $1 billion in damage.Some dissent
"It defies logic," [Jesse M. Keenan] said. Without the database, "the U.S. government's flying blind as to the cost of extreme weather and climate change."As anyone with homeowner's insurance just about anywhere will know: the damn insurance industry knows full well that climate change (for the worser) is quite real.
So-called billion-dollar disasters — those with costs that balloon to 10 figures or more — have been increasing over time. In the 1980s, when the record begins, there were just over three per year, on average, when adjusted for inflation. For the period from 2020 to 2024, the average was 23 per year.I'll just add a Yikes!!
Any rational insurance company will err to the high-side of some estimate range when calculating the cost of future weather disasters. Insurance, after all, is a for-profit endeavor. With little, or no, reliable data, those estimates come with evermore wide ranges. Do the arithmetic.
Donny "2 Dolls"©Lawrence O'Donnell and his elves can stamp their little feet and scream, "it ain't true!!" all they want. Private enterprise will always seek more profit.
The Blind Dictator. Such a sweet guy.
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