Projected costs of global warming damage escalate.

• Position: Updates - Brief Article

See "Insurance Companies Warn Global Warming Will Cost $70 Billion Annually," Jan/Feb 2003, p. 11

In 2003, we reported that climate experts assembled by the United Nations attributed the "vast majority" of damages from natural disasters in 2002 to climate change. Those damages were projected to reach a global total of $70 billion. Now, a little over a year later, the world's...