Connecticut wants to penalize insurers for backing fossil-fuel projects

Photo credit: Joseph Prezioso / AFP via Getty Images. Article by Jake Bittle. Grist – March 19, 2024.

The nation’s insurance industry has gone haywire in recent years amid a succession of floods, fires, and other climate-fueled disasters. These catastrophes have forced carriers to pay out billions in claims, and many have responded by raising premiums in disaster-prone states like Florida and Oregon or leaving certain markets altogether. […]

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