The insurance world is flirting with its climate doom loop

Contributing sentiments towards policy:

61% : California last month struck a deal with insurance companies to continue writing policies for property in disaster-prone areas, after big US names such as State Farm and Allstate stopped issuing any new cover there.
50% : As the costs of climate change are pushed on to consumers through premiums and taxpayers through public provision or backstops, it makes little sense not to tighten restrictions on where insurers are investing and requirements for green transition plans for underwriting.

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