California Boosts Insurance Policies Despite Wildfire Threats

California Boosts Insurance Policies Despite Wildfire Threats

California is enforcing a new regulation requiring insurance companies to provide coverage in fire-prone areas, despite potential premium hikes of 40% to 50%. This move aims to address the growing risks of wildfires that have led insurers like Farmers and State Farm to limit new policies. While officials praise the decision as a protection for communities, advocates worry it may prioritize insurer interests over homeowners, affecting thousands of properties. Source and details of the news

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