| While much has been written about the hazards | | | | budget and its property and automobile insurance |
| global warming poses on human health conditions, it is | | | | industries are projecting claims beyond their wildest |
| also noteworthy to explore its economic and social | | | | expectations. The appalling effects of global warming |
| consequences. Developing countries are at a greater | | | | at this level were never in their risk projections and |
| risk from the diverse effects of global warming since | | | | the insurance industry must now be facing its biggest |
| the more developed ones have adequate means to | | | | headache since its conception. |
| deal with its damaging effects. | | | | Importers are looking to bring in triple its usual supply |
| Take the recent case of excessive rains and flooding | | | | of rice in the coming year due to crop damage |
| in the Philippine archipelago, for example. Although the | | | | brought about by the disaster. What an irony it is for |
| country averages 21 typhoons each year, the | | | | a country that used to be one of the top grain |
| amount of rainfall exceeded historical records with | | | | producers in the region. People have lost their homes |
| the region receiving the equivalent of more than a | | | | and their sources of income, and rehabilitation has to |
| month's average rainfall in less than a day. That's 410 | | | | extend beyond just the physical and economic |
| millimeters of rain in just 9 hours over an area that | | | | aspects. Social and psychological remedies also have |
| averages just 11 millimeters of rain in a day during its | | | | to be implemented to deal with the trauma brought |
| typhoon season. | | | | about by an event that was supposedly just for |
| The devastation is beyond proportion and the | | | | biblical times. Humanity has to look seriously into the ill |
| damages brought about by the recent disaster | | | | effects of global warming, lest we relive the plagues |
| surpass even an expert's projections. Rehabilitation | | | | and afflictions we only used to read about in historical |
| will definitely cause not a mere dent to the nation's | | | | accounts. |