Insurers Are Abandoning Homeowners Over Wildfire Risk But Investing in Big Oil

The massive Los Angles fires, stoked by climate change, have been devastating for thousands of displaced homeowners and renters whose dwellings have been damaged or destroyed. The full costs of the catastrophe are still emerging but will surely run into the tens of billions of dollars. The fires have once again thrown the growing crisis of the U.S. insurance industry into the media spotlight.

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