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Thursday, June 18, 2009

Insuring against Climate Change

The New York has an interesting piece on the challenges the U.S. Federal Emergency Management Agency is having in attempting to assess the implications of future climate change for the federal flood insurance program. Nevertheless, the assessment, which is expected to be completed by next year, could mark a major shift in the management of flood risk in the United States as well as the premiums paid by those participating in the program.

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