What are the global financial/banking consequences if the oceans raise 5 feet and damage coastal real estate?

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If global waming will raise the oceans 25 feet that is more than enough to reach most coastal real estate which is the most expensive real estate int he world. If all this real estate is insured by the largests companies that invest the premiums in stocks and other developments and they use the biggest banks that have the most real estate mortgage loans, then what will happen to work financial structures as the water keeps rising?

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    May 15, 2011 at 12:19 am

    I think that it would cause a worldwide depression that would take quite some time to climb out of. Ports would change drastically as well as real estate holdings. Wealth would most certainly be re-aligned to others than those who have it now. First and foremost though, Loyds of London would most certainly go bankrupt well before paying off alll the claims.

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