Insurers Withdraw From Riskiest Areas As Threats From Climate Change Grow

Source: Google News - HealthSeveral big insurers, including Allstate and State Farm, are scaling back their home insurance businesses in California to avoid paying billions for wildfire damage, or are halting sales of new policies altogether. Elsewhere, homeowners in areas hit by floods and hurricanes are having to find different coverage, often at a higher price with less protection. And if people can't get insurance, they can't get mortgages. What, then, does the future...