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Business Wars Daily

Insurance Companies Change Course in Climate Change-Battered States

Business Wars Daily

Audible

Business, Business News, News, Daily News

4.6717 Ratings

🗓️ 13 June 2023

⏱️ 6 minutes

🧾️ Download transcript

Summary

Today is Tuesday, June 13, and we're looking at State Farm vs. Allstate.

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Transcript

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0:00.0

Wonderly Plus subscribers can listen to Business Wars daily ad-free right now.

0:04.8

Join Wonderly Plus in the Wondery app or on Apple Podcasts.

0:08.5

How do I cope with waiting for results?

0:11.6

It's all I can think about.

0:13.5

Is the cancer going to come back?

0:16.0

I can't sleep.

0:17.6

How do I stop worrying?

0:19.5

We know what goes through your head when you're living with

0:21.7

cancer. The questions, the anxieties. We understand because we've been there too. If you or

0:27.9

someone you care about has been diagnosed with cancer, McMillan Cancer supports online community

0:32.9

can help from day one. It's a free, safe, online forum for people with cancer to connect anonymously.

0:39.8

No question is too big or too small. With over 80,000 members, we get it. We've been there.

0:46.3

Whatever you need to ask, we're here. To join, search McMillan online community.

1:04.7

Thank you. McMillan Online Community. From Wondery, I'm David Brown, and this is Business Wars Daily on this Tuesday, June 13th.

1:10.0

If you're thinking about buying a home in California,

1:12.4

well, things might just have gotten a bit more expensive. As much of the U.S. is engulfed in a

1:17.8

haze of smoke from wildfires, two major insurance companies have said enough with regard to

1:23.4

climate change-related losses, and they're closing the doors on new policyholders.

1:28.4

Late last month, State Farm General Insurance Company, which provides homeowners insurance in California,

1:33.9

issued a statement saying that it would no longer accept new applications for homeowners' policies.

1:39.0

The company said it would continue to do business with existing policyholders,

1:42.6

but as of May 27, new policies are a thing of the

...

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