California is becoming uninsurable
Today, Explained
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Navigating Homeowner Insurance Challenges in California
This chapter examines the significant withdrawal of major insurance companies from California's homeowner market due to rising risks, particularly in fire-prone areas. It discusses the complexities of state regulation, the impact of climate change on insurance costs, and the implications of limited coverage options for homeowners. Additionally, the chapter highlights the ongoing struggles in the real estate market as insurance availability affects housing dynamics amid escalating wildfire risks.
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