Day: October 10, 2020

Wildfire Insurance Crisis for California Homeowners

Firefighters monitoring California wildfire (Credit: Anda Chu/MediaNews Group/East Bay Times via Getty Images)
Firefighters monitoring California wildfire (Credit: Anda Chu/MediaNews Group/East Bay Times via Getty Images)

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,

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