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Insurers pull back as US climate catastrophes intensify

The insurance industry is increasingly wary of the risks presented by climate and natural disasters, prompting major firms to scale back their presence in more vulnerable states. In June, Farmers Insurance announced in a company memo it will no longer write new property insurance policies in Florida, citing “catastrophe costs … at historically high levels.” Earlier in the… ....

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Why are home insurance rates suddenly increasing in Florida?

South Florida and Treasure Coast homeowners are seeing their premium rates increase by 20 percent or more. In some cases, rates have doubled. ....

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