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Intel chief warns chip shortage could continue for up to two years

The global chip shortage comes as demand for cars has spiked during the global economy’s recovery from the coronavirus crisis, driving up prices of new and used vehicles.

Some carmakers have adapted to the chip shortage by dropping features from their models, while others have built vehicles without the necessary chips and then parked them until their assembly can be finished later.

As US wildfire threat grows, insurance capacity shrinks

Most wildfire losses that have hit the insurance market originated from California utility companies due to inverse condemnation, which states that private property owners are entitled to compensation if their property is damaged by the government or utilities.

While all U.S. states have such doctrines in place, California has been the only one to apply it for utility-related fires.

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