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US will stop tracking the costs of extreme weather fueled by climate change (apnews.com)

submitted 1 day ago by MicroWave@lemmy.world to c/science@lemmy.world

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The National Oceanic and Atmospheric Administration will no longer track the cost of climate change-fueled weather disasters, including floods, heat waves, wildfires and more. It is the latest example of changes to the agency and the Trump administration limiting federal government resources on climate change.

NOAA falls under the U.S. Department of Commerce and is tasked with daily weather forecasts, severe storm warnings and climate monitoring. It is also parent to the National Weather Service.

The agency said its National Centers for Environmental Information would no longer update its Billion-Dollar Weather and Climate Disasters database beyond 2024, and that its information — going as far back as 1980 — would be archived.

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[–] gravitas_deficiency@sh.itjust.works 3 points 1 day ago* (last edited 1 day ago) (1 children)

Uh, no they won’t?

The entire business model of insurance is to understand risk and assign a cash-value to it. Ignoring risk means their business model falls apart. They’re not going to ignore risk, in any dimension. And if they’re MADE to “ignore” risk in a particular dimension… they’re still going to analyze it and have actuarial tables around it, and will instead just factor it in by raising prices across the board.

[–] Korhaka@sopuli.xyz 1 points 23 hours ago

I guess they can raise costs across the board, though if they don't all do this then most customers would leave to the competition.