Economy & Business

Climate Impacts: Insurers Cherry-Pick Homes, Leave Flooded Ones For Feds

"Taxpayers could be forced to spend billions of dollars to bail out the federal government's flood program as private-sector insurers begin covering homes with little risk of flooding while clustering peril-prone properties in the indebted public program."

Source: ClimateWire, 12/04/2019

Candidates Back Bill To Test Whether Banks Can Withstand Climate Risk

"The Great Recession put millions of homeowners underwater on their mortgages. Since then, the Congress has required periodic “stress tests” on large financial institutions to see whether they could withstand another economic blow."

Source: Washington Post, 11/21/2019

Trump Fined $290,000 After Losing Battle Against Scottish Wind Farm

"The Trump Organization has agreed to pay $290,000 to the Scottish government, ending a multiyear legal battle in which Donald Trump tried and failed to block an offshore wind farm from being built in view of one of his Scottish golf courses."

Source: Washington Post, 11/13/2019

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