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California's insurer of last resort is close to imploding

09/26/24 9:55 AM By Brad Hooker
KEYWORDS cat modeling raises insurance premiums catastrophe insurance modeling for climate risks and wildfires Insurance companies leave California insurance policy nonrenewals and cancellations State Farm Insurance

The state narrowly averted a potential insurance catastrophe with the Park Fire, which rapidly grew into California's fourth largest blaze on record.

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Brad Hooker
Associate Editor, Agri-Pulse West

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