“The maintenance of existing products, and provision of new data products is of critical importance to the sector, and this study has likely underestimated its value.” Budget cuts to the National Centers of Environmental Information ( NCEI ) would cost the reinsurance and catastrophe modelling industry billions of dollars , according to a National Oceanic and Atmospheric Administration ( NOAA ) study released in December . Last week , the Trump administration proposed 20 % cuts to the NOAA 's budget , with the largest reduction slated for the National Environmental Satellite , Data and Information Service , 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 climate - related risks .
Budget cuts to the National Centers of Environmental Information ( NCEI ) would cost the reinsurance and catastrophe modelling industry billions of dollars , according to a National Oceanic and Atmospheric Administration ( NOAA ) study released in December . Last week , the Trump administration proposed 20 % cuts to the NOAA 's budget , with the largest reduction slated for the National Environmental Satellite , Data and Information Service , 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 climate - related risks .