The Push for Climate Insurance as Extreme Weather Events Rise The frequency and intensity of extreme weather events are on the rise, leaving communities around the world grappling with the aftermath of hurricanes, floods, wildfires, and droughts. Scientists link these increasingly destructive events to climate change, which is reshaping the way governments, businesses, and individuals approach risk. One of the key responses to this growing challenge is the development of climate insurance. This specialized form of coverage is designed to protect individuals and businesses from the financial impact of climate-related…
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Fannie Mae considers forgoing title insurance
The government-run company is considering eliminating this requirement for some mortgage lenders. Fannie Mae is considering a program that would bypass the need for title insurance and attorney opinion letters, according to a number of recent media reports. The program would allow certain mortgage lenders to be able to waive the requirements for the coverage. The program Fannie Mae is considering would waive required title insurance coverage for some lenders on loans sold to the government-run company, according to a recent The Real Deal report. Fannie Mae backs trillions of…
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