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California Homeowners Face Insurance Crisis as Carriers Limit Coverage

1 min read
Source: CNN
California Homeowners Face Insurance Crisis as Carriers Limit Coverage
Photo: CNN
TL;DR

Farmers Insurance has joined State Farm and Allstate in limiting new homeowners insurance policies in California due to high costs and wildfire risks. Rising temperatures and increased risk of extreme wildfires worldwide are contributing factors.

Topics:businessinsurance#california#climate-change#farmers-insurance#homeowners-insurance#insurance#wildfire-risk
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  1. Another major insurance company limits new homeowners insurance in California  CNN
  2. Will the loss of insurance carriers lead to a coverage crisis in California?  North Bay Business Journal
  3. Here’s what to do if no one will insure your home  KTLA Los Angeles
  4. What to do if your homeowners policy is canceled in California  The Santa Rosa Press Democrat
  5. Daily Digest: Farmers latest to limit California insurance; 2 biotechs ready IPOs - San Francisco Business Times  San Francisco Business Times

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