(ap) — california will let insurance companies consider climate change when setting their prices, the state’s chief regulator announced.

Webon thursday, insurance commissioner ricardo lara unveiled an agreement calling for insurers to return to wildfire zones, but giving companies an.

Webunder new details of a plan first announced in july, insurance companies will be required to cover half the cost of losses of up to $2 billion in total claims — $1.

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That's tied to inflation and wildfires fueled by climate.

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