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California Insurance Rates Soaring
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Overview
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Insurance rates in California have been rapidly increasing due to various factors such as climate change, wildfires, and increased claims. Insurers are struggling to balance increasing costs with providing affordable coverage to consumers.
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How are insurers adapting their strategies to cope with the escalating insurance rates?
In what ways might the surge in insurance rates impact the overall economy of California?
What measures can California policymakers implement to address the challenges faced by consumers due to rising insurance costs?
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