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Capital & Main
Capital & Main
Marcus Baram

How Big Insurance’s Investment in Fossil Fuels Came Back to Bite It

A wildfire burns near homes in the Pacific Palisades neighborhood of Los Angeles on January 7. Photo: Mario Tama/Getty Images.

Within just a week, the sheer devastation of the Los Angeles wildfires has pushed to the fore fundamental questions about the impact of the climate crisis that have been largely avoided by lawmakers, influencers and the public. 

Among them: What is the future of insurance when people’s homes are increasingly located in areas of climate risk — whether wildfires, hurricanes, flooding or the rising sea levels? 

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