More and more Californians are finding it difficult, or even impossible, to keep their homes insured amid skyrocketing rates and policies being canceled by insurance companies.
ByHomeowners like Susan Bookheimer of Calabasas have seen firsthand the difficulty of keeping your home insured.
"It was terribly hard. I called all of the major insurance companies. None of them would even talk to me. They're not writing policies," said Bookheimer.She feels lucky to even have insurance. Thousands of people are getting notices that their polices are either going up or not being renewed at all. Record-breaking wildfire seasons in 2017 and 2018 caused huge losses for the insurance industry in California. In November 2018 alone, insurer losses were more than $12 billion. That's when the number of cancellations started to go up.
"It's not great news for consumers but insurers have said they need more price in order to take on the additional risk and loss associated with these climate change-driven, more frequent and severe wildfires," said Dave Jones, the former insurance commissioner for California.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Californians finding it hard to keep their homes insured amid skyrocketing rates, canceled policiesMore and more Californians are finding it difficult, or even impossible, to keep their homes insured amid skyrocketing rates and policies being canceled by insurance companies.
Read more »
Californians: Here's why your housing costs are so highHalf the state's households struggle to afford the roof over their heads. Here’s what you need to know about one of California’s most vexing issues.
Read more »
Over 23,000 Californians Possess Firearms Despite Prohibitions, Says State Attorney GeneralCalifornia Attorney General Rob Bonta revealed that more than 23,000 Californians still possess firearms despite being legally prohibited from owning them due to criminal convictions, restraining orders, mental illnesses, and other restrictions. This number highlights the ongoing bureaucratic challenges and the need for increased enforcement funding. The report also mentions a slight decrease in the number of individuals listed in the Armed and Prohibited Persons System for the second consecutive year.
Read more »
Older Californians now eligible for another COVID-19 vaccine doseThe U.S. Centers for Disease Control and Prevention recommend that seniors 65 and older get a second dose of the 2023-24 COVID-19 vaccination.
Read more »
Bill would let therapists and social workers decide when to confine mentally ill CaliforniansCalifornia bill would allow therapists and social workers to confine mentally ill people through 5150 holds.
Read more »
Supreme Court homelessness case holds extra significance for Black CaliforniansThe barriers impeding housing development and access for Black communities in California must be quickly addressed to cut down homelessness.
Read more »