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Allstate has joined State Farm in refusing to issue new homeowners insurance.

Do you realize the economic consequences of this threat of climate change? New homeowners will be unlikely to get new mortgages without insurance, and the costs will skyrocket.

Climate changes are going to have economic consequences far exceeding what traditional economists ever predicted.

#climatechange

https://www.sfchronicle.com/california/article/insurance-allstate-fires-18130622.php