Daily Digest: Insurers worry over NOAA database loss, Hiscox shares surge, Calls for extra political risk capacity

However, Jerry Theodorou, director of the finance, insurance and trade programme at the R Street Institute, says NOAA data is vital because it is an authoritative and non-commercial source. Private forecasters do not use uniform models and these too rely on the NOAA for weather information, he adds…

Theodorou worries the administration could also cut other vital NOAA databases, such as the Next Generation Weather Radar, the International Best Track Archive for Climate Stewardship and Hurricane Satellite facilities.