The report lists industry examples, such as: [The] reinsurance sector is a substantial user of NCEI’s hurricane track data (IBTrACS), severe weather data (SWDI), station data for temperature and precipitation Budget cuts to the National Centers of Environmental Information (NCEI) would cost the reinsurance and catastrophe modelling industries billions of dollars, according to a National Oceanic and Atmospheric Administration (NOAA) study released in December. Last week, the Trump administration proposed 17% cuts to the NOAA's budget, with the largest reduction slated for the National Environmental Satellite, Data and Information Service, which includes the NCEI. The NOAA report found that if all funding were cut by $900 million, it could result in an estimated loss of up to 10,000 jobs across the US economy.
Budget cuts to the National Centers of Environmental Information (NCEI) would cost the reinsurance and catastrophe modelling industries billions of dollars, according to a National Oceanic and Atmospheric Administration (NOAA) study released in December. Last week, the Trump administration proposed 17% cuts to the NOAA's budget, with the largest reduction slated for the National Environmental Satellite, Data and Information Service, which includes the NCEI. The NOAA report found that if all funding were cut by $900 million, it could result in an estimated loss of up to 10,000 jobs across the US economy.