The devastating Los Angeles fires have been a grim reminder of America's homeowners insurance crisis, as climate change intensifies potential property damage and insurers scramble to price rising risk. As of 2022, insurance costs made up over 20% of the typical mortgage payment, according to data from analytics provider First Street.
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Insurers pay out $4.2 billion in claims for L.A. wildfires
Peter Daniel: Government mandates are driving up healthcare costs in NC
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