INSURANCE SHORT NEWS 
Could oil and gas companies finally face justice for climate change impacts?
California proposes legislation holding oil and gas companies liable for climate change-related damage, signaling a shift in accountability.,The bill claims the oil industry has misled the public about the harmful impacts of fossil fuels, contributing to disastrous storms and wildfires.,Victims of climate disasters could sue the oil industry for damages, alleviating financial burdens caused by wildfires and rising insurance costs.,If passed, California will be the first state to allow such lawsuits, challenging the fossil fuel industry’s accountability amidst climate crises.,Supporters argue this bill could stabilize the state’s insurance market by allowing companies to recover costs after disasters.,The move comes as California recovers from destructive fires, marking a turning point in addressing climate change accountability.,Critics from the oil industry argue the bill scapegoats them and distracts from real solutions for disaster victims.,The legislation also aids the state’s Fair Access to Insurance Requirements Plan, preventing insolvency for homeowners struggling for coverage.
#ClimateJustice, #OilAccountability, #CaliforniaLegislation
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