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> you'd think insurance companies and banks would be hedging their bets At least here in Australia, most insurance companies include a clause that excludes sea
by jordwest 7y ago
> you'd think insurance companies and banks would be hedging their bets
At least here in Australia, most insurance companies include a clause that excludes sea level rises in insurance coverage [1]
> Are you going to try and impose "green" requirements on these places?
Definitely true it's hard to enforce green policy from outside, but the very very least a country can do is lead by example. The alternative is that everybody sits on their hands because nobody else is doing a thing.
It's like humanity is sitting in a rowboat that's heading for the top of a waterfall, and nobody in the boat tries to row to safety because nobody else is rowing.
[1] https://www.domain.com.au/news/properties-could-become-harder-to-insure-and-prices-could-fall-as-climate-change-takes-hold-experts-warn-20180306-h0x1x6/ https://www.domain.com.au/news/properties-could-become-harde...