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Wildfire risk is very high in many parts of California, leading to what many have called a property insurance crisis in both the residential and business
California’s insurance commissioner, local elected leaders provide information on property insurance By Barbara Burke Special to The Malibu Times State and local public agency representatives held an online Wildfire and Disaster Insurance town hall workshop for residents on April 4 to address homeowners insurance and how they can navigate resources to get coverage for fires, floods, […]
State Farm is dropping 30,000 homeowners insurance policies in California starting this summer.
The president of the California FAIR Plan said that one bad wildfire could overwhelm the plan’s resources.
"These are huge numbers," California FAIR Plan President Victoria Roach told the Assembly Insurance Committee. "And they continue to grow. . . As those numbers climb, our financial stability comes more in question."