“we’ll all be rooned!”

The sixth largest insurance company has warned that damage to property due to global warming could bankrupt the world by 2065.

Dr. Andrew Dlugolecki, director of general insurance development at CGNU, a top five European life insurer and the United Kingdom’s largest insurance group, told delegates attending the international climate change summit in The Hague that the rate of damage caused by changing weather will exceed the world’s wealth.

Dlugolecki said that the current rate of growth of damage of 10 percent a year will exceed Gross Domestic Product by 2065. He added that the insurance industry was in danger of “running out of money,” to deal with the disasters. Some scientists believe extreme weather events will become more frequent as the world warms.

Dlugolecki proposes a more radical approach to climate change than is being discussed at COP 6. The concept, known as contraction and convergence, has long been promoted by the London based group the Global Commons Institute (GCI) which describes itself as an independent group of people whose aim is the protection of the “Global Commons.”

It fears the world may be driven beyond the threshold of psychic ecological stability by the relentless pursuit of economic growth.

Psychic Sentient Times, 26 Sep 2013