Insurers warn of slump in property prices
26 Feb 2019
INSURERS say 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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Story copyright © Carbon News 2019
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