Climate Alarmism Increases Insurance Industry Profits – Warren Buffett

NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

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http://cnsnews.com/mrctv-blog/sean-long/warren-buffett-supposed-increase-extreme-weather-hasnt-been-true-so-far

I really can’t add to this :

From CNS:

Any climate alarmist will tell you that climate change is increasing extreme weather events, but liberal billionaire Warren Buffett easily destroyed that argument.

Buffett told CNBC March 3, that extreme weather events haven’t increased due to climate change, saying that weather events are consistent with how they were 30-50 years ago. Buffett, who is heavily invested in various insurance markets, said that climate change alarmism has simply made hurricane insurance more profitable, driving up premiums without increasing risk.

Buffett said the supposed increase in extreme weather “hasn’t been true so far, Joe. We always think it’s cold. We always think it’s cold in Omaha. But, it was cold in Omaha 50 years ago.”

CNBC’s Becky Quick asked Buffett on March 3’s “Squawk Box” if extreme weather events have increased, affecting insurance markets. Buffett responded that “the effects…

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