Scripps oceanography, insurer to calculate costs of climate change

San Diego’s Scripps Institution of Oceanography is pairing with one of the world’s largest insurers to pin down the costs of global climate change, it was reported Tuesday.

The partnership between Scripps and the Willis Group of London will involve Scripps researchers collecting data on the effect of changes in the weather and sea level so it can be used by Willis to assess its exposure to financial risks from weather-related catastrophes, The San Diego Union-Tribune reported.

Monetary details of the arrangement were not disclosed, but Scripps Director Tony Haymet told the Union-Tribune such partnerships help the institute make up for state funding cuts.

A policy statement released last month by the Insurance Information Network for California listed the growing expenses related to hurricanes as one reason insurers are so concerned by climate change.

The report noted that seven of the 10 most expensive hurricanes in history occurred between 2004 and 2005, topped by Hurricane Katrina, which cost most than $41 billion, the Union-Tribune reported.

“This is a huge issue for us,” network spokesman Peter Moraga told the
newspaper. “Scientists have linked climate chance to hurricanes and tornadoes in the United States, tsunamis and typhoons in the Pacific and even the spread of wildfires in California and the Western states. Since risk is the driving factor for how we price policies, measuring those risks is crucial.”

Related posts:

  1. Scripps researchers release report on climate change
  2. Local climate change report deserves attention
  3. Scripps-led study finds shifts in ocean fish habitats
  4. Climate study released by SD Foundation
  5. UCSD reduces workforce

Short URL:

Posted by on Oct 13, 2009. Filed under Archives. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply



Bottom Buttons 1

Bottom Buttons 2

Bottom Buttons 3

Bottom Buttons 4

Bottom Buttons 5

Bottom Buttons 6



  • ‘KISS Army’ storms La Jolla for Paul Stanley book signing
    Some traveled from as far away as Los Angeles, Phoenix, Las Vegas and Germany for a chance to meet the Kiss frontman. […]
  • New members welcome at Rotary Club of La Jolla
    The Rotary Club of La Jolla is a member of Rotary International, which among other important projects, has joined forces with the World Health Organization to focus on the eradication of Polio worldwide. […]
  • Go gaga over spring foods
    Spring is when Mother Nature throws a coming out party for her animals, minerals and vegetables. The supermarket produce aisles are brimming with a bounty of delicate shoots, beans, peas and fresh herbs, while the meat department is filled with young, tender cuts of carnivorous offerings. Inquisitive column folk want to know spring’s best contributions. Here […]