L.A. Fires Place Enormous Pressure on Insurance Industry
Even before the fires in Los Angeles, California’s insurance market was under enormous pressure. Extreme weather events like wildfires, which have been supersized due to climate change, previously led national carriers like Allstate and State Farm to stop writing new homeowners policies. And some property owners are facing non-renewal for homes deemed by insurance companies to be at risk. California is not alone in this dilemma. Florida has the highest insurance rates in the country, and its residents pay 37% more for coverage as compared to national averages. We’ll talk to experts about how…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.