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2. Homeowners in California could pay a surcharge of $1,000 or ...

   www.aol.com/finance/homeowners-california-could...

   Consumer Watchdog estimates home insurance rates could increase by as much as 40% to 50% as a result. The California Department of Insurance did not respond to Fortune 's request for comment.

3. California homeowners battle an 'insurance crisis' as ...

   www.aol.com/los-angeles-wildfires-rage...

   State Farm had already said in 2023 that it would no longer offer home insurance to new customers in California, in part because of catastrophe exposure. Allstate, the sixth-largest home insurer ...

4. California homeowners insurance market tested as fires rage

   www.aol.com/finance/california-homeowners...

   From 2012 to 2021, home insurers in California lost money on underwriting and insurance transactions, while nationwide average profit margins on those deals were 3.6% to 4.2%, respectively.

5. California’s insurance is in crisis. The solution will cost ...

   www.aol.com/california-insurance-crisis-solution...

   Lynne Levin-Guzman stood in the front yard of her 90-year old parents’ home in Los Angeles County, California, trying to protect it with a garden hose — because their insurance company no ...

6. California FAIR Plan - Wikipedia

   en.wikipedia.org/wiki/California_FAIR_Plan

   If the FAIR Plan does not have the money to pay out all claims, it collects money from insurance companies that operate in California. [5] According to data from 2020, the FAIR Plan covers 2.5% of the statewide market share, but 20.4% of the market share in ZIP codes at high risk from wildfires. [6]

7. California is in a home-insurance crisis. The Pacific ... - AOL

   www.aol.com/news/california-home-insurance...

   Insurance giants State Farm, AIG, and Allstate have each stopped writing homeowner policies in California because of wildfire danger. According to a report issued Wednesday by JP Morgan, the ...