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California bill would let insurers sue Big Oil over climate disasters

State Sen. Scott Wiener has introduced a bill that would create a pathway for Californians affected by fires, floods and other climate disasters to sue fossil fuel companies for damages. The bill would also let insurers do the same to recover costs.Senate Bill...

North Carolina Home Insurance Premium Base Rates Increasing About 15% by Mid-2026

Written by THE ASSOCIATED PRESS RALEIGH. N.C. (AP) — Base rates for North Carolina homeowners’ insurance premiums will increase on average by about 15% by mid-2026 as part of a settlement reached by the state Insurance Department and the industry. The agreement announced last Friday by state...

LA fires cast light on climate change insurance crisis – DW – 01/24/2025

The deadly Los Angeles infernos have laid waste to entire communities, forcing thousands of people to evacuate and destroying at least 16,000 structures, many of them homes. It's likely to be one of the costliest wildfires in US history, with a preliminary estimate from...

Allstate to raise Illinois home insurance rates by over 14%

Posted on January 24, 2025 By WMBD TV ST. LOUIS – Allstate Insurance announces that it’s raising home insurance rates by more than 14% this winter for customers who live in Illinois. The new insurance rates will take effect on Feb. 24 and will impact...

‘It’s always fire season now’ – Harvard Law School

Last week, a series of fast-moving wildfires — fueled by a combination of increasingly wet winters and dry summers coupled with unusually strong winds — devastated communities throughout Los Angeles. So far, the disaster has...