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Insurers warn of slump in property prices

Tuesday 26 Feb 19 10:00am

 

INSURERS say there is a risk of a climate change-related slump in property prices leading to financial turmoil.

Four degrees of warming – for which the world is on target – could, for example, cause floods that double the annual losses of mortgage lenders, putting pressure on them and insurers, a new report says.

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Related Topics: Energy | Greenhouse Effect

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