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Barney Schauble on Muck Rack

Barney Schauble

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Housing insurance is melting down in several property markets as climate change renders old assumptions obsolete Original

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By Spencer Glendon, Barney Schauble
| Yahoo Finance Verified
The end of climate stability signals the end of the insurance market as we know it. Will it also signal the beginning of a broader understanding of physical risks by equity and debt holders, regulators, and citizens? The answer to that question will determine whether climate risk changes capital markets forever. Put succinctly: The first time a property floods, it’s an insurance problem, and maybe the second time, but after that, it’s an equity and debt problem.
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