Browsing: wildfire risks

Homeowners in many states are facing a growing crisis as insurance companies pull out or raise premiums due to increasing wildfire risks.

A recent emergency rate hike for State Farm in California highlights the state’s long-standing issues with insurance regulations and the consequences of artificially suppressing rates.

Many homeowners in Central Oregon are receiving notices that their home insurance policies are changing or being canceled due to increased wildfire risks.

Consumer Watchdog’s lawsuit against California Insurance Commissioner Ricardo Lara has raised concerns about the stability of the state’s homeowner insurance market, potentially exacerbating an existing crisis in fire-prone regions.