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FOXNEWS Fox News at Night June 4, 2024 03:20:00

Pushing premiums higher as the industry factors in more catastrophic losses. >> were in the middle of an insurance company insurrection in california. >> reporter: in may, state farm, all state and farmers capped or stopped selling homeowners coverage in california where five years of wildfires wiped out 20 years of profits. even the state which insures those who cant get it privately lost launched a 50% rate hike. >> every single county and tran sacks up and down sdmrooil three national insurer...
Northern California State Farm In May Homeowners Coverage Industry Factors Rate Hike

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KNTV NBC Nightly News With Lester Holt June 4, 2024 23:24:00

Disaster-prone states like california and louisiana have also pulled coverage. analysts say there are several reasons. extreme weather linked to climate change, a soaring number of lawsuits by policy holders, and ongoing battles with state regulators. >> were having another legislative session next year. if we have to tweak things in order to make it more compatible and helpful for the florida consumer well do it. >> reporter: the desantis administration is touting that another major insurer, st...
Climate Change State Regulators Policy Holders Lester Holt South Florida Ron Desantis

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