Tram Town
Thursday, November 25, 2004
Category: Warming
The church science of Global Warming™ climatology is a broad one that even accepts big insurance dudes as spokesmen.
And as global warming continued, natural disasters in Australia would become more frequent, [Insurance Australia Group chief executive] Mr [Michael] Hawker said.
For instance, cyclones would move further south, eventually reaching the densely populated Gold Coast.
"It could have a significant impact on the assessability of that area," he warned. Ultimately, global warming would not only affect insurers, but also consumers, Mr Hawker said. "This is a significant issue for insurers and at the end of the day, all of us should be worried about it, because we all pay premiums." [Here endeth the lesson!]
The summary for today's lesson is that something that we know very little about is an excuse to raise premiums.

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