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Could flooding fuel California's next insurance crisis? Here's what data shows for thousands of at-risk Bay Area homes.Climate change is predicted to drive increasing sea level rise across the country in the coming decades -- and thousands of families in the Bay Area are unprepared for the flooding impacts.
While McGinley's area has a potential solution to future flooding, balancing the cost of flood protection and flood insurance could be an increasingly expensive challenge for other communities around the Bay.Amy Bach, the director of the consumer nonprofit United Policyholders, said not only will more people need flood insurance in the coming years, but the current lack of insurance protections for many is an issue in the present day.
Bach said the numbers reflect a growing strain on the state's insurance system from natural disasters, including floods, wildfires and earthquakes, with the current patchwork of public and private coverage struggling to spread risk.Wildfire-prone CA to consider new rules for property insurance pricing, commissioner announces
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