Budget cuts to Data ( the National Centers of Environmental Information ) would cost the reinsurance and catastrophe modelling industries billions of dollars , according to a National Oceanic and Atmospheric Administration (NOAA) study released in December . (GHCN-D) the Billion Dollar Disasters Report and Storm Events Database,” the report states. December , the Trump administration proposed 17% cuts to the Data 's budget, with the largest reduction slated for the National Environmental Satellite , NOAA , which includes the NCEI . Data gathered by the NCEI 's satellites provides insurance and reinsurance companies with information that is used to forecast the impact of future weather-related risks.
Budget cuts to Data ( the National Centers of Environmental Information ) would cost the reinsurance and catastrophe modelling industries billions of dollars , according to a National Oceanic and Atmospheric Administration (NOAA) study released in December . December , the Trump administration proposed 17% cuts to the Data 's budget, with the largest reduction slated for the National Environmental Satellite , NOAA , which includes the NCEI . Data gathered by the NCEI 's satellites provides insurance and reinsurance companies with information that is used to forecast the impact of future weather-related risks.