As the debate rages over the interpretation of the available data predicting the likely dire consequences of global warming (perhaps to a point of no retrn in the next 30/ 40years) the insurance industry has been making its own interpretations. The analysis showing increases in large claim natural loss disasters shows a remarkable degree of correlation with the increased temperatures over the past several decades. Its sending shivers down the spine of a the actuarial calculators.
For evidence of global warming down under in Australia and NZ Look no further to recent reports of icebergs spotted off NZ for the first time since 1948.
It was reported in Fairfax NZ that the National Institute of Water and Atmospheric Research (NIWA) said the cluster of icebergs had been seen on the Southern Ocean east of Campbell Island. 700 Km southeast of the South Island . NAWB scientist Dr Lionel Carter had said 15 icebergs , some up to 3K wide were recorded in a single sighting before Christmas .
Although it may be too soon to blame this flotilla of ice on global warming the co incidence of large collapse of the Antarctic Ice shelves with rapidly changing climate could not be dismissed, and it seems we are ultimately tied to Antarctica.