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Rising Insurance Rates and Catastrophic Claims: How Natural Disasters Are Reshaping the Industry
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The insurance industry is facing an unprecedented challenge—rising insurance rates driven by catastrophic claims resulting from natural disasters. From hurricanes to wildfires, these extreme weather events are becoming more frequent and severe, leaving insurers grappling with massive payouts. As a result, homeowners, renters, and insurance agents alike are feeling the ripple effects of these financial burdens.This article explores the relationship between catastrophic claims and the surge in insurance premiums, delving into the financial toll on insurers, the changing landscape for policyhol...
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