Federal Reserve Chairman Jerome Powell warned of a growing crisis in the insurance industry affecting mortgage availability in high-risk areas due to insurers pulling out amid climate change-related disasters. Policy cancellations are leading to buyers resorting to state-designed insurers of last resort with higher premiums and limited coverage. Powell highlighted the issue of housing affordability, attributing it to supply shortages and emphasizing that interest rate normalization may not alleviate the problem.
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18-year-old arrested over alleged double homicide of 2 family members after argument
An 18-year-old man, Noah Battaglia, has been arrested for the double homicide of his family members, a 51-year-old man and a 19-year-old man, following a domestic argument in Elk Grove, California. The police responded to the scene early Monday morning, and Battaglia was apprehended two hours later in South Sacramento, facing two counts of homicide as the investigation continues. Explain It To Me Like I'm 5: An 18-year-old man named Noah is in trouble because...
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