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Uninsurable America: Climate Change Hits the Insurance Industry
06 Jun 2023 | Abstracted from Axios
"The threat of climate change-related disasters is a large factor driving up consumer costs and putting insurers out of business in parts of California, Florida, Louisiana and elsewhere."Disastrous wildfires have plagued California in recent years, while multiple hurricanes have hit Florida and Louisiana, racking up losses for insurers at the same time that home replacement costs have skyrocketed."
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