Sunday, June 28
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Topic: mortgages

Flooded houses in a residential street
Economy
Sunday, 6/28, 10:43 AM

The Climate Insurance Squeeze Is Becoming an Economic Problem

  • Extreme weather is pushing insurance claims — and premiums — higher, and in the riskiest areas cover is becoming unaffordable or simply unavailable.
  • That matters far beyond insurers: where you can't insure a home, you often can't mortgage it, and that chain reaches into property values, bank balance sheets and financial stability.

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