Insurers Warn California: Don’t Put Utility Wildfire Risk on Our Balance Sheets
California’s biggest insurers are warning lawmakers that limiting wildfire subrogation could push utility-caused losses onto insurers and their customers.
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Climate Risk Is Jumping From an Insurance Crisis Into a Homeowner Crisis
New research traces how climate-driven insurance non-renewals can jump from insurer balance sheets into mortgage defaults, falling home values and weaker local economies.
