Please use a supported version for the best MSN experience. Sea level-prone homes set for insurance cutoff Radio New Zealand 18 hrs ago Getty Images Wellington Tens of thousands of coastal homes might not be eligible for insurance due to the increasing risk posed on them by the effects of climate change, a new report suggests. A 2015 report to the Parliamentary Commissioner for the Environment found New Zealand has 43,683 houses within 1.5m of high tide and 8806 within 50cm. Now, a report by Motu Economic and Public Policy Research exploring the effects of climate change on insurance suggests those homes could become no longer eligible for insurance. - Read the full report Report co-author Ilan Noy, a disaster economics researcher at Victoria University, said those houses would be too exposed to sea-level rise, to storm surges, to riverine flooding and they will no longer be sustainable to be there. "We argue that currently most of these homes are insured, but at some point in the future insurance will no longer be available to these homes. "All insurance policies are one year policies in New Zealand and probably elsewhere. So insurance can retreat very quickly from places where they think the risk is too high. The Intergovernmental Panel on Climate Change Working Group I report in 2013 said average emissions under the most optimistic scenario would lead to sea level rise of between 44cm and 55cm by the year 2100. That was increased to 1m under the current 'high' emissions trends. Professor Noy said the idea of the report was to get more discussion going around how to address the problem that thousands of coastal homes may not be eligible for insurance in the future. "The question is what do we do about that?
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Even Schumer, who has a contentious relationship with Trump, tweeted praise forthe president's get-tough approach toCanada. Source: USDA (includes only milk and no byproducts) The U.S. dairy industry has other reasons to be wary. Dairy inventories are rising as prices drop. U.S. milk production has increased from 193 billion pounds to 199 billion pounds from 2014 to 2016, whereas U.S. prices have dropped from $24.00 per hundred weight to $13.14 in that period. Over the last decades, milk sales have been as lumpy as cottage cheese and in recent years have nosedived, as have the prices of futures. Additionally, the strong U.S. dollar has been an impediment to exports. The U.S.
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