Great article about the crossroads of climate change and the insurance industry, and how it is affecting Americans.
A place near the water has been an American dream for a very long time. Fifty-four percent of Americans live within 50 miles of a coast.
This is the year, however, in which the big boys in global finance got religion about climate change. As a result, this American dream -- as far north as the Washington area, and even New York and New England -- is under attack.
Follow the money. Insurance doesn't sound like a world-changer. It seems so banal and prosaic, like reliable electricity or clean water.
Yet without it -- you want a place to live? You cannot get a mortgage without insurance.http://www.washingtonpost.com/wp-dyn/content/article/2006/12/01/AR2006120101759.html
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