Forest Fire Insurance Costs Soar

Forest fires caused by climate change are costing insurers more than ever, with the deadly fire that ravaged northern California the single most expensive natural disaster in 2018, Munich Re said in its catastrophe report Tuesday. The California wildfire that devastated the small town of Paradise in November caused losses …

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Tesla Breaks Ground on Shanghai Factory

Tesla broke ground Monday on a new factory for its electric cars in China, the first of its factories to be located outside the United States. Chief Executive Elon Musk appeared at a ceremony alongside local officials on the outskirts of Shanghai to mark the start of the project. He …

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