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Insurers warn of slump in property prices

Tuesday 26 Feb 19 10:00am

INSURERSsay there is a risk of a climate change-related slump in property prices leading to financial turmoil.

Four degrees of warming for which the world is on target could, for example, cause floods that double the annual losses of mortgage lenders, putting pressure on them and insurers, a new report says.

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Related Topics: Energy | Greenhouse Effect


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