Wildfire insurance crisis looms for California homeowners

Homeowners in fire-prone areas of California may soon find there’s no one to insure their properties. Last year, the state barred insurance companies from canceling policies on about 800,000 homes in or near areas with a high risk of wildfires. That ban is set to expire soon and there’s no way to renew it, according to the New York Times. Insurance companies, which have been financially battered by huge payouts in high-risk areas, are expected

source https://therealdeal.com/2020/09/02/wildfire-insurance-crisis-looms-for-california-homeowners/