Flood Risk: A Jupiter-Sized Problem

Flood Risk: A Jupiter-Sized Problem

Here is the crucial question: do homeowners understand this looming shock? Does the mortgage industry? Or insurance world? Or the Federal Emergency Management Agency? Jupiter thinks the answer is no. “Almost none of this is reflected in prices anywhere in the world,” said chief executive Rich Sorkin, who argues that “most of this dynamic is not yet understood or implemented into the decision-making of financial institutions”.