"Imagine a real estate crisis caused by rising sea levels and coastal flooding that renders thousands of square miles of land uninhabitable or useless for farming." Think the catastrophe will be insurable? Or is it a known risk? Will the resulting damages be covered, will they be payable under any insurance policy?
Bankers think it is a known risk. See Jack Ewing, World's Banks Racing to Prepare for Climate Risks, NEW YORK TIMES, Friday, Jan. 24, 2020, at B3 (online access at your own risk, The New York Times may put up a paywall, depending).
What do you think?
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