California Homeowners Face Insurance Challenges as Major Insurers Limit Coverage
Originally Published 2 years ago — by The Mercury News
Farmers Insurance, the second-largest provider of homeowners insurance in California, has limited new policies in the state due to high costs and wildfire risks. This follows similar decisions by State Farm and Allstate, who cited the same reasons for no longer writing new homeowners policies in California. Rising temperatures worldwide increase the risk of extreme wildfires in the coming years.