Effects of Recent Weather Extremes on the Insurance Industry: Major Implications for the Atmospheric Sciences

Bulletin of the American Meteorological Society

Volumn 78, Issue 3, 1997, Pages 425-435

  Changnon, Stanley A ^a   Changnon, David ^b   Ray Fosse, E ^c   Hoganson, Donald C ^d   Roth Sr , Richard J ^e   Totsch, James M ^f  

^a Changnon Climatologist   (United States)

^b NORTHERN ILLINOIS UNIVERSITY   (United States)

^c Crop Insurance Consultant   (United States)

^d Insurance Broker Consultant   (United States)

^e Property Insurance Consultant   (United States)

^f Guy Carpenter and Company   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

ATMOSPHERIC SCIENCE; EXTREME WEATHER; INSURANCE INDUSTRY; REGIONAL WEATHER PATTERN;

USA;

EID: 0031460167     PISSN: 00030007     EISSN: None     Source Type: Journal    
DOI: 10.1175/1520-0477(1997)078<0425:EORWEO>2.0.CO;2     Document Type: Article

References (36)

1. All-Industry Research Council, 1986: Catastrophic Losses: How the Insurance Industry Would Handle Two $7 Billion Hurricanes. All-Industry Research Council, 45 pp.
2. Berz, G., 1993: Views of the insurance industry. Socio-Economic and Policy Aspects of Changes in the Incidence and Intensity of Extreme Events, A. A. Olsthoorn and R. S. J. Tol, Eds., Institute for Environmental Studies, University of Vrije, 12-14.
3. Bipartisan Task Force on Funding Disaster Relief, 1995; Federal disaster assistance. 47 pp. [Available from U. S. Government Printing Office, Washington, DC 20401.]
4. Centre Cat, 1995: Climate Prediction and Insurance Risk Conference. Hamilton, Bermuda, 44 pp.
5. Changnon, D., J. J. Noel, and L. H. Maze, 1995: Determining cyclone frequencies using equal-area circles. Mon. Wea. Rev., 123, 2285-2294.
6. Changnon, S. A., 1995: Temporal fluctuations of hail in Illinois. Miscellaneous Pub. 167, 19 pp. [Available from Illinois State Water Survey, 2204 Griffith Dr., Champaign, IL 61820.]
7. _, 1996: The impacts of the flood. The Great Flood of 1993, S. Changnon, Ed., Westview Press, 234-258.
8. _, and J. M. Changnon, 1989: Developing rainfall insurance rates for the contiguous United States. J. Appl. Meteor., 28, 1185-1196.
9. _, and _, 1990: Use of climatological data in weather insurance. J. Climate, 3, 568-576.
10. _, and _, 1992a: Temporal fluctuations in weather disasters: 1950-1989. Climate Change, 22, 191-208.
11. _,and_, 1992b: Storm catastrophes in the United States. Natural Hazards, 2, 612-616.
12. _, D. Changnon, E. R. Fosse, D. Hoganson, R. J. Roth Sr., and J. Totsch, 1996: Impacts and responses of the weather insurance industry to recent weather extremes. Changnon Climatologist, CRR-41, 167 pp. [Available from Changnon Climatologist, 801 Buckthorn Circle, Mahomet, IL 61853.]
13. CNA Insurance Group, 1996: Managing the high costs of catastrophes. Inside CNA, 16, 4-5.
14. Conning and Company, 1995: Lookout for the Reinsurance Industry, A New Definition of Quality. Conning and Company, 92 pp.
15. Corning and Company, 1994: Lighting Candles in the Wind: Industry Response to the Catastrophe Problem. Corning and Company, 147 pp.
16. Crop-Hail Insurance Actuarial Association, 1978: Crop-Hail Insurance Statistics, Crop-Hail Insurance Actuarial Association, 72pp.
17. Culliton, T. J., M. Warren, T. R. Goodspeed, D. Remer, C Blackwell, and J. J. McDonough, 1990: Fifty Years of Population Change along the Nation 's Coasts, 1960-2010. National Oceanic and Atmospheric Administration, 41 pp.
18. Deering, A. M., 1993: Climate Change and the Insurance Industry. Earth Observer, 9, 41-43.
19. Flavin, C., 1994: Storm Warnings. World Watch, 7, 10-20.
20. Friedman, D. G., 1989: Implications of climate change for the insurance industry. 23 pp. [Available from Travelers Insurance Co., Hartford, CT.]
21. Fosse, E. R., and S. A. Changnon, 1993: Potential impacts of shifts in climate on the crop insurance industry. Bull. Amer. Meteor. Soc., 74, 1703-1708.
22. Glantz, M. H., 1995: The science and politics of global wanning. Insurance Specialist 2, 10-12.
23. Hooke, W. H., 1995: Weatherproofing the nation: A national transition to "no surprises' weather services and optimal use of weather information. Investing in a Safer Future, Insurance Institute for Property Loss Reduction, 19-21.
24. Insurance Institute for Property Loss Reduction, 1995: 1994 annual report. Report 1, 45 pp.
25. _, 1996a: Freezing and bursting pipes. Report 3, 6 pp.
26. _, 1996b: Building for a safer future, the year in review-1995. Report 4, 6pp. Karl, T., R. Knight, D. Easterling, and R. Quayle, 1996: Indices of climate change for the United States. Bull. Amer. Meteor. Soc., 77, 279-303.
27. Lamb, P. J., 1995: Freezing: The silent hazard. Investing in a Safer Future, Insurance Institute for Property Loss Reduction, 25-30.
28. Lecomte, E. L., 1993: Remarks. Climate Change and the Insurance Industry: The Next Generation, College of Insurance, 1-6.
29. _, 1994: The industry's response to catastrophes in the 1990s: Business as usual won't work. Occasional Paper Series OP-2, 7 pp. [Available from Insurance Institute for Property Loss Reduction, 73 Tremont St., Suite 510, Boston, MA 02108.]
30. Leggett, J., 1993: Securing profitability in an adverse climate. Climate Change and the Insurance Industry: The Next Generation, College of Insurance, 47-59.
31. Linden, E., 1994: Burned by warming. Time, 14 March, p. 79.
32. Property Claim Services, 1995: Property Claim Services Report, Catastrophe Record for 1994. 3 pp. [Available from American Insurance Service Group, 85 John St., New York, NY 10038.]
33. Roth, R. J., Sr., 1949: Crop-hail insurance in the United States. Bull Amer. Meteor. Soc., 30, 56-58.
34. _, 1996: The property casualty insurance industry and the weather of 1991-1994. Impacts and responses of the weather insurance industry to recent weather extremes, Changnon Climatologist, CRR-41, 101-132. [Available from Changnon Climatologist, 801 Buckthorn Circle, Mahomet, IL 61853.]
35. Stix, G., 1996: Insurers Warm to Climate Change. Sci. Amer., February, 27-28.
36. Walter, A. S., 1993: U.S. crop insurance: Trends, status and rofitability. Seminar on Crop Insurance, Toronto, Ontario, Canada, BEP International, 40-51.