US$1 trillion time bomb ticks in housing market


US homeowners’ wildfire and flood risks are underinsured by $28.7 billion a year.Photographer: David McNew/Getty Images

CASSANDRAS seldom get opportunities to be right about two disasters. Even the original Cassandra scored no notable victories after predicting the fall of Troy.

But when a seer who successfully called one catastrophe warns of another coming, you might want to listen.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
David Burt , forecast , The Big Short , climate , crisis

Next In Business News

Ringgit closes higher against greenback on cautious market sentiment
T7 Global subsidiary appointed panel contractor for PETRONAS
YTL inks RM200mil naming rights deal with Aviva for Bristol arena
KL High Court dismisses appeals of former Jalatama officers
Well Chip posts FY25 net profit jump to RM86.15mil
Angkasa targets 2026 revenue to reach up to RM75bil
Aeon Credit issues RM100mil five-year senior sukuk
Late bargain-hunting lifts Bursa Malaysia to end higher
Net foreign inflows into Malaysian bonds reach RM951.9mil in January - RAM Ratings
Wawasan Dengkil's 2Q net profit falls due to revision of project costs

Others Also Read