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Insurers Take Wait-And-See Approach To Climate Change Suits

By Bibeka Shrestha ( May 21, 2014, 9:10 PM EDT) -- Illinois Farmers Insurance Co. recently launched nine proposed class actions arguing that hundreds of Illinois municipalities were to blame for storm losses because they were ill-prepared for climate change — unprecedented litigation with class certification hurdles and other thorny issues that will have to be sorted out before other insurers pursue copycat claims....

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