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Leaders warn of insurance collapse, $25 trillion property risk tied to climate change
Environment and Public Works: Senate Committee · November 20, 2025
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Summary
Speakers warned that climate risk is making insurance unmanageable, threatening mortgages and property values and citing warnings from the Federal Reserve, Aon, Freddie Mac and The Economist’s $25 trillion estimate.
Speakers at a Senate-side event said climate change is creating systemic financial risks that threaten homeowners and the broader economy.
An opening speaker warned of what they called a "climate insurance collapse," saying the Federal Reserve, Aon Insurance and Freddie Mac have raised alarms.…
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