23 Hrs
Source:
New York Post
Climate activists aim to worsen California insurance crisis
California homeowners are struggling to obtain insurance against wildfires and natural disasters as insurers stop renewal or exit the market. The state’s Insurance Department is exploring a pilot project to insure forests against climate-related risks using parametric insurance, but critics argue the focus is on climate change illusions rather than better fire management. Meanwhile, recent wildfires have caused extensive destruction, which some attribute to inadequate forest policies, while insurance companies have largely ceased coverage, leaving many homeowners reliant on limited state-backed pools.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)