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Climate change could teach a costly lesson

Summary by Portland Press Herald
The Economist magazine talks about the insurance industry. Many homes are uninsurable because of the rising ocean, flooding and wildfires. Insurance companies can’t sustain the losses and remain solvent. These properties are not insurable. This is what happens to capital holdings from ignoring climate change. A property without insurance means no bank mortgage. The property […]

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Portland Press Herald broke the news in Portland, United States on Saturday, May 24, 2025.
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