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Insurance is a capital-intensive business with thin profit margins, and many insurers have been hemorrhaging money in California in recent years as wildfires intensify. 2018’s Camp Fire in ...
According to LendingTree, more than 10% of all California homeowners lack homeowners insurance. “The high wildfire risk in California has led to insurance companies withdrawing from underwriting ...
A 2023 California Department of Insurance report states that “homeowners insurance companies [had] done far worse in California than nationally.” While direct underwriting profit was 3.6 ...
The wind-driven wildfires burning out of control in the Los Angeles area couldn't have emerged at a more perilous moment for California's homeowners, as officials try to rehab what they concede is ...
In November, 2023, after a series of destructive hurricane and wildfire seasons, the Senate Budget Committee began looking at the non-renewal data of homeowners' insurance in Florida, Louisiana ...
California Home Insurance Wildfires FILE - A fire burns a house in the Mountain fire, Wednesday, Nov. 6, 2024, in Camarillo, Calif. (AP Photo/Marcio Jose Sanchez, File) ASSOCIATED PRESS
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