Is climate change responsible for increasing weather-related disasters?

Ryan P. Crompton, J. McAneney

    Research output: Chapter in Book/Report/Conference proceedingOther chapter contribution

    Abstract

    There is ongoing debate both between and within climate scientists and the insurance industry as to whether climate change is responsible for increasing weather-related disasters. The argument against climate change being a dominant driver of increasing disaster losses is that more and more people are living in high risk coastal areas and the value of the property at risk is also increasing. Risk Frontiers has undertaken work for the Insurance Council of Australia (ICA) that involves updating their widely-cited database of disaster losses to reflect present day conditions. This study involves adjusting for the change in the time value of money, changes in exposure, and changes in personal wealth. The paper will briefly outline a new adjustment methodology as well as present results from the updated database. These new results will be placed within the context of historical building losses over the past century due to the various natural perils using Risk Frontiers databases.
    Original languageEnglish
    Title of host publicationAustralian Earth Sciences Convention
    Subtitle of host publication2-6 July 2006, Melbourne Convention and Exhibition Centre : convention handbook
    EditorsDavid Debnam
    Place of PublicationOsborne Park, WA
    PublisherRESolutions Resource & Energy Services
    Pages101
    Number of pages1
    ISBN (Print)0646462466
    Publication statusPublished - 2006
    EventAustralian Earth Sciences Convention - Melbourne
    Duration: 2 Jul 20066 Jul 2006

    Publication series

    NameAbstracts (Geological Society of Australia)
    PublisherRESolutions Resource & Energy Services
    Number82
    ISSN (Print)0729-011X

    Conference

    ConferenceAustralian Earth Sciences Convention
    CityMelbourne
    Period2/07/066/07/06

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