Climate and the Curve
Moody's Talks - Inside Economics
00:00
Acute Physical Risk - What's the Expected Value?
If Hurricane Harvey hits three years in a row, there's going to be a lot of insurers that are going to walk away from that market entirely. The ones that don't will significantly raise the cost of insurance and that gets cascaded down through the entire economy. So we assumed that the federal government bends a lot of money dealing with the fallout of natural catastrophes.
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