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Peter Gleick (petergleick@fediscience.org)'s status on Monday, 29-May-2023 18:16:36 JST Peter Gleick

Climate change and extreme events are explicitly mentioned as a reason insurance companies are withdrawing from markets with skyrocketing risks.
Do you still deny #climate change, or don't want to act to address it?
The market is coming for you.
#climatechange
https://www.latimes.com/california/story/2023-05-27/state-farm-is-no-longer-accepting-property-insurance-applications-in-california?s=09
In conversation Monday, 29-May-2023 18:16:36 JST from fediscience.org permalink
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  State Farm is no longer accepting property insurance applications in California
  
  from https://www.latimes.com/people/corinne-purtill
  
  The company blames 'increases in construction costs outpacing inflation, rapidly growing catastrophe exposure and a challenging reinsurance market.'

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