Usa: Navigating Climate Risk After la's Wildfires-Experts Weigh in

credit: ChinaFile

California's wildfires have caused an estimated $164 billion to $250 billion in damage.

Insurance companies raise rates in states with fewer restrictions on pricing, researchers say.

"The system seems increasingly unsuitable for a world of escalating climate-related losses," one expert says.

"An ideal way forward might involve the city of LA buying a lot of insurance," another says.

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