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Severe weather affects Canadian insurance rates and claims

According to the Insurance Institute of Canada , payouts for severe weather damage claims across Canada have doubled every five to 10 years since the 1980s. The institute says climate change is to blame.

Gas prices rise to nearly $5

Gas prices in Connecticut have reached record highs, inching closer to $5 per gallon early Wednesday, hitting consumers in their wallets at the pumps as big oil companies haul in hundreds of millions in additional profits, industry watchers and politicians say. As of Wednesday morning, Connecticut coincided with the national average of about $4.95 per gallon of regular gas, and prices are expected to continue to rise in the immediate future.

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