In an incredible move that drives the economic impact of climate change home, State Farm insurance has decided to end new homeowners insurance in California due to wildfires and the cost of rebuilding. This won’t be the last time this happens. But this has been a long time coming, and we all know that the insurance industry is the real driver behind climate change policy in this country. State Farm is the second large insurer to end coverage in California. AIG ended coverage last year.
www.theguardian.com/us-news/2023/may/27/state-farm-home-insurance-california-wildfires