Navigating California’s Insurance Crisis
Out-dated insurance regulations in California have negatively impacted today's insurance market. Lengthy rate approvals and restrictions preventing pricing to risk have presented unsurmountable challenges for many California insurance carriers. In addition, wildfires have burned millions of acres of forests and destroyed tens of thousands of homes in California over the past several years. At a time when it’s more vital than ever for property owners to have adequate insurance coverage, many carriers have decided to no longer insure homes in certain parts of the state, while others have left…
The skinny
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