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The growing instability in the U.S. homeowners insurance markets could lead to a housing crash worse than the 2008 one unless policymakers act fast, warns the Senate Budget Committee in a new report.
According to the document, released on Wednesday, the growing risk of more frequent and more severe extreme weather events caused by climate change spells trouble for the insurance markets,
Insurance Crisis Could Spark Housing Market Crash Worse Than 2008: Report
