On top of all of the other challenges facing California the state's insurance crisis is getting worse. This week, Farmers Insurance followed State Farm and Allstate in announcing a cap on California policies, citing 'inflation, severe weather events, an...
On top of all of the other challenges facing California the state's insurance crisis is getting worse. This week, Farmers Insurance followed State Farm and Allstate in announcing a cap on California policies, citing"inflation, severe weather events, and reconstruction costs." And that means more places where finding coverage is a huge challenge.- not far from the community of Lake Berryessa Estates.
"It's about a 25-minute response time for anyone to get out here," he said of significant help in the event of a major fire. "When I first moved in here, I thought, 'I hope I'm not here to see this burn,'" she said of the hills around her home."Then I watched it in real-time on YouTube"Bickett heads the local FireSafe Council, advocating for safety programs like the tree removal underway here. But on top of the actual fire risk is financial risk in a troubled insurance market.
Rosenfield is talking about the debate over how insurance markets should operate as a changing climate drives increasing risk, and soaring costs.
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