It's Becoming Increasingly Hard For California Homeowners To Get Insurance : NPR
"Insurance companies are increasingly dropping homeowners in California because of wildfire risk. There's concern the problem will grow worse after this year's destructive fire season."
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Insurance companies have freaked out about property insurance risks in California in years past. Fires, floods, 100-year storms, landslides earthquakes--these events are hard to build into their premium calculations. But homeowners need property insurance, so we shall see what the state legislature has to say about this.
In the 90s the legislature acted by prohibiting insurers from cherry picking types/exclusions of coverage. So, for example, if they wanted to sell homeowners insurance they couldn't exclude earthquake coverage.
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