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Alphachat: Could climate change spark the next financial crisis?

Subscribe to AlphachatRadioPublicSpotifyacastStitcheriTunes 35 inches of rain. 130mph winds. 51 people dead. That was Hurricane Florence, which made landfall in North Carolina as a tropical storm in mid-September last year. Nearly six months later, and some coastal communities have yet to recover. In fact, Moody's reckons Florence could cost between and bn, with up to bn of property damage. Florence's intensity and the scope of its destruction were immense, but by no means unique. Hurricanes Harvey, Irma and Maria in the year before it indiscriminately demolished the homes, people and infrastructure when they hit Texas, Florida and Puerto Rico, respectively. Storms like these are set to become the norm. (Or worse, even more intense.) Alphaville recently attended a conference at

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FT Alphaville is a free daily news and commentary service giving finance professionals the information they need, when they need it. In a world where market professionals are inundated with information there is a pressing need to edit and filter, and hopefully sow a few ideas along the way. That’s where the FT Alphaville team comes in.

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