Significant climate change could lead to losses across several economic sectors, according to Mercer.
The company says the program isn’t shutting down, but is “transitioning” to other offices.
The foundation granted the program $164 million to help cities prepare for climate change threats.
Property values could also decline as flood insurance rules are rewritten.
The previous shutdown exhausted the emergency funds of many workers and agencies.
Flights may be grounded, courts could shut down and initial public stock offerings may come to a halt.
Fire resistant homes could be built in vulnerable areas at no additional cost.
Vulnerable cities with chronic flooding issues still enjoy top-notch credit ratings.
Homes that flood keep getting rebuilt with public money, only to flood again.
When will rising seas and severe storms affect home values in desirable coastal markets?
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