Fraud, litigation and climate: divergent explanations and competing fixes at Senate hearing Industry groups, trial lawyers and academics offered sharply different accounts of why premiums are rising — insurers cited climate, reinsurance and repair inflation; plaintiff lawyers pointed to litigation financing and bad‑faith defenses — producing competing policy prescriptions from mitigation credits and regulatory fixes to disclosure, bad‑faith laws and AG subrogation against fossil fuel companies.

Homeowners are feeling the pinch as insurance premiums soar, but the debate rages on about what's truly driving these skyrocketing costs.

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