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CBS News Interviews CAS Fellow on Effects of Climate Change

12/20/2017 —

Moneywatch Article
Last week CBS MoneyWatch interviewed Doug Collins, FCAS, on recent climate trends in drought, wind and heat and their potential to impact situations such as the current wildfires in California. Collins referenced data from the Actuaries Climate Index (ACI), an objective measure of observed changes in extreme weather and sea levels created by four actuarial societies in North America.

"Elevated values in temperature are helping drive the ACI higher, particularly in the Southwest,” Collins told reporter Ed Leefeldt. “These regions have experienced five seasons in the past five years with unusually high temperature index values, compared with only three seasons at such levels in the previous 50 years."

Collins is chair of the Climate Index Working Group, part of a volunteer effort to update the index on a quarterly basis, as data for each meteorological season becomes available. The project is a joint effort of the American Academy of Actuaries, Casualty Actuarial Society, Canadian Institute of Actuaries, and Society of Actuaries.

Collins noted that the index already shows "big changes" in the weather and the risk it creates. For the complete interview, visit the CBS News website.

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