CelloMomOnCars , 1 year ago to random The #ClimateCrisis will make the 2008 mortgage crisis look like a walk in the park. With ice cream. " Rising seas, bigger #floods, and other increasing #climate hazards have created a dangerous instability in the U.S. financial system. " That, on top of developers building in flood plains and wildfire-prone places, and the US government providing the #insurance. #ClimateChangeIsTheLastStraw https://yaleclimateconnections.org/2023/04/bubble-trouble-climate-change-is-creating-a-huge-and-growing-u-s-real-estate-bubble/
The #ClimateCrisis will make the 2008 mortgage crisis look like a walk in the park. With ice cream.
" Rising seas, bigger #floods, and other increasing #climate hazards have created a dangerous instability in the U.S. financial system. "
That, on top of developers building in flood plains and wildfire-prone places, and the US government providing the #insurance.
#ClimateChangeIsTheLastStraw https://yaleclimateconnections.org/2023/04/bubble-trouble-climate-change-is-creating-a-huge-and-growing-u-s-real-estate-bubble/
CelloMomOnCars OP , 11 months ago "Since most #US #insurance companies are backed by international #reinsurance companies that cover other parts of the world, #homeowners everywhere will pay the price for #ClimateChange’s global effects." https://www.vox.com/climate/2023/7/13/23792409/floods-vermont-new-york-natural-disaster-insurance-global-climate-risk-change
"Since most #US #insurance companies are backed by international #reinsurance companies that cover other parts of the world, #homeowners everywhere will pay the price for #ClimateChange’s global effects."
https://www.vox.com/climate/2023/7/13/23792409/floods-vermont-new-york-natural-disaster-insurance-global-climate-risk-change