California Lets Insurers Price Climate Risk, Sparking Cost Fears [Yahoo! Finance Canada]
Hartford Financial Services Group, Inc. (The) (HIG)
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Source: Yahoo! Finance Canada
insurance in the state, after several major carriers retreated from the market amid growing risk of wildfires. Most Read from Bloomberg The rule, which takes effect Jan. 2, allows insurance providers to compute policy rates by using catastrophe models that incorporate the growing risk of climate change as well as mitigation efforts, instead of relying solely on historical disaster data, the California Department of Insurance said in a statement. In exchange, insurance carriers must increase business in high-risk areas by as much as 85% of their statewide market share. “For the first time in history we are requiring insurance companies to expand where people need help the most,” state Insurance Commissioner Ricardo Lara said in Friday's statement. It has been another devastating wildfire season in California. A wind-driven fire in Malibu continued to smolder Monday, a week after breaking out and charring more than 4,000 acres and destroying 20 structures including homes, accord
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- California Lets Insurers Price Climate Risk, Sparking Cost Fears [Yahoo! Finance]Yahoo! Finance
- Here's Why We Think Hartford Financial Services Group (NYSE:HIG) Might Deserve Your Attention Today [Yahoo! Finance]Yahoo! Finance
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HIG
Earnings
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HIG
Sec Filings
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- 12/6/24 - Form SC
- 11/21/24 - Form 144
- HIG's page on the SEC website