No, Virginia, There Is No Greenhouse Gas Clause
In the first half of 2011, there was more than $17 billion of insured losses in the U.S. alone from more than 100 catastrophic events. The October snowstorm in the Northeast might have been the eleventh billion-dollar loss this year. And the recent flooding in Thailand produced insured losses in excess of $13 billion.
Environmentalists speculate that global warming and the emission of...
To view the full article, register now.