Insurance industry letter questions climate change science

A major insurance industry trade group warns, in a letter to insurance regulators (pdf), about the high risk for companies to blindly accept scientific conclusions on anthropogenic global warming, basing it’s conclusion, in part, on the unauthorized release of email and files from the University of East Anglia’s Climate Research Group – Climategate.

 

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The unauthorized release in November 2009 of thousands of e-mails containing correspondence among scientists affiliated with the University of East Anglia’s Climate Research Unit (CRU) makes clear that insurers, regulators, and anyone else with a serious interest in climate change cannot afford the luxury of simply assuming that the “reports and studies” to which the Task Force white paper alludes present an accurate and unbiased picture of what is known about climate change.

The CRU e-mails show that a close-knit group of the world’s most influential climate scientists actively colluded to subvert the peer-review process (and thereby prevent the publication of research by scientists who disagreed with the group’s conclusions about global warming); manufactured pre-determined conclusions through the use of contrived analytic techniques; and discussed destroying data to avoid government freedom-of-information requests.

Viewed collectively, the CRU e-mails reveal a scientific community in which a group of scientists promoting what has become, through their efforts, the dominant climate-change paradigm are at war with other scientists derisively labeled as “skeptics,” “deniers,” and “contrarians.” The insularity and non-collegiality of these climate scientists had previously been noted in a 2006 report to Congress prepared by a committee of statisticians led by Dr. Eugene Wegman of George Mason University. The Wegman Report examined the body of research behind the widely-publicized “hockey stick” graph, which purported to show a dramatic and unprecedented increase in average global temperature during the twentieth century. After thoroughly discrediting the hockey stick graph, the report observed that “authors in the area of paleoclimate studies are closely connected and thus ‘independent studies’ may not be as independent as they might appear on the surface.” The report further noted “the isolation of the paleoclimate community,” concluding that “even though they rely heavily on statistical methods, they do not seem to be interacting with the statistical community.” When members of paleoclimate community were asked to explain and defend their work, “the sharing of research materials, data and results was haphazardly and grudgingly done.”

In short, because serious questions have been raised about the integrity of contemporary climate science, NAMIC believes it would be exceedingly risky for any insurance company to make important business decisions based on an uncritical acceptance of the dominant scientific paradigm on climate change. Put differently, we believe there is considerable risk involved in an approach to assessing “climate risk” that assumes the validity of any particular theory or set of beliefs about anthropogenic global warming.

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