The rising weather-related risks from climate change, from coastal hurricanes to western wildfires, are increasing pinching insurance companies, which are raising rates and pulling back from parts of the country in an effort to stay in business. Just this summer, two major insurance companies left Florida, adding to the long list of companies that have left the state. In July, Farmers Insurance announced it would no longer write policies in the state; in August, United Property and Casualty went bankrupt, leaving 22,000 of Floridians high and dry, and all Florida residents having to foot the bill to bail it out. Banks could be next, said Dennis Kelleher of public interest nonpr
Hence then, the article about climate change raising risks of financial disaster for home owners insurers and bankers was published today ( ) and is available onThe Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Climate change raising risks of financial disaster for home owners, insurers and bankers )