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PF Newswrap: Insuring Against Fire, Investing in Commodities

Once in a while Mother Nature affects our personal finance lives. Today, The Wall Street Journal reported that homeowners who have been fighting wildfires are now fighting their home insurance companies. The Journal also wrote about the increasing popularity of commodity funds. Check out both articles on FiLife.

Insurers Get Cold Feet Where Wildfires Burn
FiLife Take: Homeowners who live near areas plagued by wildfires are running into some new insurance problems. Home insurance companies are inspecting properties and demanding new fire-safety requirements, capping payout amounts, and dropping policies altogether.

Commodity-Based Funds Earning Favor
FiLife Take: Inflation and high oil prices have spurred a lot of investor interest in commodity exchange-traded funds. But watch out, these funds vary greatly in terms of how much they invest in energy, agriculture, metals, and the like. It all depends on what index they follow. This WSJ story explains.