California Blames ‘Climate Change’ For Major Insurer’s Decision To Stop Covering New Homes

A major US insurer has decided to stop insuring new homes in California, citing climate change as the reason behind the move. The company, Nationwide and its subsidiary Allied Insurance, will no longer provide coverage for new houses built in California due to the increased risk posed by wildfires and other natural disasters, which have become more frequent and severe due to the effects of climate change. The decision by Nationwide has sparked a debate about how insurance companies should respond to climate change. While some argue that insurance companies should factor climate change risks into their premiums and coverage decisions, others believe that they should focus on encouraging individuals and businesses to take steps to reduce their carbon footprint and mitigate the effects of climate change. The move by Nationwide highlights the need for individuals, businesses, and governments to take action to address the impacts of climate change, including reducing greenhouse gas emissions, investing in renewable energy, and adapting to more intense and frequent natural disasters. As California and other states continue to grapple with the effects of a changing climate, it is clear that insurers will play a critical role in shaping the response to this urgent global challenge.