Climate disasters lead to billions in insurance losses. Could they trigger a financial crisis? | Unpublished
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Source Feed: CBC News - Canada
Publication Date: February 5, 2025 - 04:00

Climate disasters lead to billions in insurance losses. Could they trigger a financial crisis?

February 5, 2025
In addition to causing widespread destruction, climate disasters are battering insurance companies. As premiums rise and some regions become uninsurable, it could have a cascading effect that could lead to a financial crisis, says one U.S. economist.


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