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Penn Today

The risky business of homeowners insurance

State Farm, the largest insurer in California, has stopped writing new home insurance policies there, citing “rapidly growing catastrophe exposure.” In a Q&A, Wharton’s Benjamin Keys discusses climate change and its risk to the real estate market.

June 12, 2023
Homeowners inspect the ruined remains of their property after a fire. Rubble, a chimney, and a rusted truck are all that's left.
Source:
Penn Today
Topics:
Climate