The upcoming recession is being talked about in the news right now, and it’s mainly being blamed on oil prices and the sub-prime mortgage situation. But there’s another area where our economy is leaking money: the insurance industry. They’ve taken a beating from the bad weather caused by global warming.

The UN Intergovernmental Panel on Climate Change predicted a 21st century rise in ocean levels of 32 inches, but now they say it could be twice that: 64 inches. This is what happened the last time the earth got this hot, 100,000 years ago. This news has the insurance industry terrified, since they?ve already lost $75 million from natural catastrophes in 2007.

In MarketWatch, Steve Goldstein quotes insurance expert Torsten Jeworrek as saying, “The trend in respect of weather extremes shows that climate change is already taking effect and that more such extremes are to be expected in the future. We should not be misled by the absence of megacatastrophes in 2007.” The 11 warmest years worldwide have been recorded during the last 13 years.

Art credit:

If we’re going to stave off global warming, we need to follow the right path. Just don’t forget where you heard about climate change FIRST?while everyone else was still denying it. Help us keep the truth alive: subscribe today! One thing you can do that will help YOU too is to get one of our wonderful crop circle calendars. They’re now $3 off and shave a special coupon that gives ANOTHER them $2 off (along with their regular 10% discount).

To learn more, click here and here.

NOTE: This news story, previously published on our old site, will have any links removed.

Dreamland Video podcast
To watch the FREE video version on YouTube, click here.

Subscribers, to watch the subscriber version of the video, first log in then click on Dreamland Subscriber-Only Video Podcast link.