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Florida, other coastal states, facing property value crisis

"Climate change not just about polar bears," Sen. Whitehouse warns

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Rising water levels and more frequent and intense storms are threatening to swamp property values and cause a mortgage crisis in Florida and other coastal states, says Sen. Sheldon Whitehouse (D-RI).

In remarks at a roundtable discussion over the weekend, Whitehouse said spiking property insurance rates could wreak havoc with Florida's property values and cause a mortgage crisis. 

Whitehouse, chair of the Senate Budget Committee, has been warning that the effects of climat...

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