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Pastimes : California - The Golden State?

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From: Thomas M.10/10/2024 1:39:10 PM
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California’s homeowner insurance market is in the grips of an urgent crisis as major insurers cancel existing policies, refuse to write new policies, and, in some cases, abandon the state’s insurance market entirely.

Insurers’ unsustainable losses are largely due to poor forest management, which has contributed to wildfires that are more severe and destructive than any recorded in California history.

Insurers’ losses have grown exponentially to unsustainable levels. California’s leaders must focus on better forest management and free market solutions to bring insurers back into the state’s market and restore reasonable costs.

americafirstpolicy.com

Tom
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