Home insurance costs soaring
US home insurance costs rose more steeply in areas of climate risk, US Treasury Dept study finds
Homeowners in areas most at risk of damage from hurricanes, wildfires and other climate perils pay far more for insurance than those who live in the least exposed areas, according to a U.S. Treasury Department study released on Thursday.
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In the wake of the Los Angeles-area wildfires, some U.S. residents seek safety from climate-related calamities.
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