California launches sustainable insurance strategy to tackle wildfire risk
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California launches sustainable insurance strategy to tackle wildfire risk

Samuel Casey
22 September 2023
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California’s insurance commissioner Ricardo Lara has announced a string of measures in a bid to move policyholders back to the commercial market, after a succession of wildfire losses contributed to increased disfunction of the insurance market in the state.

The measures are designed to improve insurance choices for consumers and address the long-term sustainability of the market in an era of rapid climate change.

The

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Samuel Casey
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