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Markets
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Banks Price In Risk Following FEMA Flood Map Changes
A new study shows that when FEMA’s 2016 flood map revisions removed thousands of New Orleans homes from high-risk zones, banks quickly raised mortgage rates and down-payment requirements to compensate for the sudden loss of mandatory flood insurance.
Insurers, Hedge Funds and Utilities Maneuver To Shape California’s Wildfire Liability Future
As California weighs sweeping reforms to its wildfire liability system, multiple industries are maneuvering to shape and profit from the state’s next catastrophe backstop.
