Back-to-back Florida hurricanes signal trouble for home insurance prices nationwide

Two hurricanes hit Florida in recent weeks, exacerbating a home insurance crisis in the state. Insurance experts said the back-to-back hurricanes could signal rising insurance rates nationwide. The global reinsurance market is reckoning with an increasing number of climate catastrophes. Two back-to-back hurricanes in Florida in recent weeks will likely raise home insurance rates even…

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Warren Buffett’s $13 billion bet on Occidental Petroleum turns sour as oil prices hit a 3-year low

Occidental Petroleum shares have dropped 29% since mid-April, impacting Warren Buffett’s stake in the company. The decline aligns with a 23% drop in crude oil prices on concerns about demand and excess supply. Berkshire Hathaway’s $13 billion stake in Occidental Petroleum may be underwater, based on estimates. A steady decline in oil prices this year…

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