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A Princeton and MIT study found #climateChange "is increasing the chance a major hurricane could enter the Persian Gulf, home to 100s of billions of dollars of petroleum equipment and assets. Such cyclones... have never been observed in the Persian Gulf, climate researchers say."
Another study: "flood losses could exceed $1 trillion a year by 2050, unless the [world’s 136 biggest coastal cities] invested about $50 billion annually in adapting." 
Insurance employee on coastal flooding: “We can offer protection for hurricane losses or flood losses or other perils, but if certain coastal areas are so exposed, insurance becomes no longer viable. It becomes even uninsurable.”https://www.wsj.com/graphics/climate-change-forcing-insurance-industry-recalculate/?mod=article_inline …
Related. More numbers on the financial cost to climate change:
"@ISERWeb economists believe the impacts of climate change could cost #Alaska hundreds of millions of dollars per year in the coming decades."
(via @jtgamble_ak)http://www.alaskajournal.com/2019-01-02/iser-study-warmer-temps-will-cost-hundreds-millions-year#.XC1OVi0uW_g …
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