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Insurers pull back as US climate catastrophes intensify

The insurance industry is increasingly wary of the risks presented by climate and natural disasters, prompting major firms to scale back their presence in more vulnerable states. In June, Farmers Insurance announced in a company memo it will no longer write new property insurance policies in Florida, citing “catastrophe costs … at historically high levels.” Earlier in the…
United States Mark Friedlander Eric Andersen National Interagency Fire Center University Of Pennsylvania Wharton School Insurance Information Institute
Source: yahoo.com

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