California’s insurance market is facing a major crisis, with rising wildfire risks

California’s insurance market is facing a major crisis, with rising wildfire risks leading to higher premiums and insurance cancellations. Homeowners in high-risk areas are increasingly turning to the state-backed FAIR Plan for coverage, while insurers are investing in private firefighting services to mitigate losses. As the financial impact of wildfires continues to grow, property owners must navigate a complex and shifting insurance landscape. https://issueinside.blogspot.com/2025/01/california-bans-insurance-cancellations.html

California Bans Insurance Cancellations Amid Wildfires: Impact on Rates and Policies