Post

Climate-fueled insurance crisis hits California

Downvote
politico.com/newsletters/power-switch/2023/05/31/climate-fueled-insurance-crisis-hits-california-00082767

From massive wildfires to turbocharged hurricanes, disasters linked to climate change are racking up billions of dollars in damage across large swaths of the country, and insurance companies are struggling to keep up.
State Farm, the largest property insurer in California, announced on Friday that it would no longer write new policies for homeowners or businesses in the state…

This story from politico.com was posted on 2023-06-01 by @starfly.

Comments

The Entire Business World on a Single Page. Free to Use →