With extreme weather events on the rise across the U.S., insurers have begun to reassess which areas of the country they will provide coverage for after experiencing staggering losses due to payouts. A report from the New York Times found that State Farm put pause on new home insurance policies in California after a number of natural disasters inundated the state in recent years.

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Hurricane Nigel Forms, Lee to Dissipate by Tuesday
Hurricane Nigel has formed in the Atlantic and is expected to intensify in the next 24 hours. Meanwhile, Lee brought rough surf along the U.S.-Canada border but the storm is expected to dissipate by Tuesday.
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