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Rewilding, Allergy Season, Sharing Science Rejections. June 2, 2023, Part 1

Science Friday

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The Effects of Climate Change on California's Home Business and Casualty Insurance

We may be losing a whole number of species before we even figure out what they do. State Farm, the largest insurance company in California, said it would stop issuing new home business and casualty policies because of their losses from climate change related events. They cited mounting construction costs, the reinsurance market, and increasing catastrophic losses. All three are linked to climate change.

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