Slideshow ( 2 images )Democratic presidential challenger Joe Biden was leading Republican incumbent President Donald Trump in electoral college votes on Wednesday evening, as the ballot count looked poised to stretch into a third day. Tom Wilson, chief executive of Allstate, one of the largest U.S. property and casualty insurers, said a possible Biden climate package should include legislation to address property destruction caused by the costliest hurricanes and wildfires that exhaust all insurance coverage and state resources. Growing risks of wildfires have led insurers to drop thousands of homeowners in the most vulnerable areas, according to the California Department of Insurance. You need really disaster protection because if the weather keeps getting worse, the private market for those really big events is going to be too expensive, he told Reuters on Wednesday when the company reported third-quarter results. Allstate would love to see Biden confront climate change, a problem policymakers have tried to address through long-term measures, said Wilson.
growing risks of wildfires have led insurers to drop nightmare protectcoms.
( z0 lead :ARG0 ( z1 risk :ARG1 ( z2 wildfire ) :ARG1-of ( z3 grow ) ) :ARG1 ( z4 company :ARG0-of ( z5 insure ) ) :ARG2 ( z6 drop :ARG0 z4 :ARG1 ( z7 product :ARG0-of ( z8 protect ) :mod ( z9 nightmare ) ) ) )
(z0 / lead-03
    :ARG0 (z1 / risk-01
              :ARG1 (z2 / wildfire)
              :ARG1-of (z3 / grow-01))
    :ARG1 (z4 / company
              :ARG0-of (z5 / insure-02))
    :ARG2 (z6 / drop-05
              :ARG0 z4
              :ARG1 (z7 / product
                        :ARG0-of (z8 / protect-01)
                        :mod (z9 / nightmare))))
growing risks of wildfires have led insurers to drop nightmare protectcoms .
z1 :ARG1-of z3
z1 :ARG1 z2
z0 :ARG0 z1
z0 :ARG1 z4
z4 :ARG0-of z5
z6 :ARG0 z4
z0 :ARG2 z6
z7 :mod z9
z6 :ARG1 z7
z7 :ARG0-of z8