Experts issue warning on looming threat that could wipe out billions in property value: 'The new baseline'

Experts issue warning on looming threat that could wipe out billions in property value: 'The new baseline'

Financial experts are warning that increasingly severe weather is putting homes, businesses, and entire communities at risk — with the potential to erase billions of dollars in property value and drive up insurance costs for everyday people. According to a Bloomberg report, major investment firms are now treating floods, wildfires, heat waves, and storms as immediate threats to housing and infrastructure, rather than distant risks, as damage con…