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“The high wildfire risk in California has led to insurance companies withdrawing from underwriting policies in some parts of the state or limiting coverage for perils like wildfire, making it ...
The Wildfire Insurance Coverage Study Act would require the Government Accountability Office to examine the availability and affordability of home insurance in fire-prone areas.
Home insurance policies cover wildfires, however, if you are in a high-risk fire area an insurer may deny coverage based on the risk your home presents. Other carriers may offer you coverage but ...
Homeowners in areas at high risk of wildfires could have an easier time finding insurance coverage in the future under an eagerly-awaited proposal released Wednesday by the Department of Insurance.
California insurers will be required to sell coverage in wildfire-prone regions that have seen an insurer exodus in recent years, state Insurance Commissioner Ricardo Lara announced Monday. Under ...
In recent years, insurance companies have cut back on coverage in California, largely because of wildfire risk. In 2023, State Farm said it was no longer accepting new homeowner insurance ...
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