New Jersey Climate News

News Aggregation from the NJ Climate Change Resource Center

Insurance

Climate change risk hits NJ homeowners’ insurance

Insurance companies are not renewing, cancelling policies as the threat of climate change grows

BRENDA FLANAGAN / NJ SPOTLIGHT NEWS – The estimated property loss from California’s wildfires will probably top $20 billion. Insurance companies like State Farm have already dumped homeowner policies in New Jersey. And the industry is taking evasive maneuvers nationwide, including in New Jersey …

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