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If the risk goes up as the science says it will, insurance rates will either have to rise substantially, or the insurer will lose lots of money to claims and po
by masterj 7y ago
If the risk goes up as the science says it will, insurance rates will either have to rise substantially, or the insurer will lose lots of money to claims and potentially fail.
Insurance will also not protect banks from stranded assets if the perceived value of coastal real estate plummets and people abandon them as we saw in the housing crisis.