I’m not here to convince you one way or the other about climate change – other than I would like someone to help me understand the – 60 windchill I just went through in Chicago &^##%^&&$#. Munich Re is the world’s largest re-insurance company – that’s where insurance…
We have written and spoken about Risk Management extensively – both in the Public and Private sectors. The conundrum has often been the inability of organizations to take actions (certain costs) in the face of projected impacts (uncertain future). Certainly Hurricane Katrina and Sandy are the most recent…
The answer depends on how you think – are you a Direct Causation believer or a Systemic Causation believer? By the way, it’s not an either or choice. If you are looking for a direct, linear causation relationship between climate change and Sandy, then you may choose to ignore the event and/or react to it by building a wall to block the surge. If you believe in systemic causation, then you may choose to increase solar and wind power and reduce fossil fuels to reduce the storm surge. You can follow an excellent discussion on this by George Lakoff.
