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Natural Disasters: Are They Truly Increasing?

Money For the Rest of Us

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The Increasing Frequency and Severity of Natural Disasters

This chapter discusses the rise in natural disasters and their impact on insurance companies, including the $50 billion losses suffered in 2023 due to convective storms caused by warmer temperatures. It also explores the challenges faced by the insurance market in California due to catastrophic wildfires and the need for rate increases.

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