California Faces Policy Desert as Insurance Companies Halt New Coverage: Expert

“It’s the very first time in the 75 years that our insurance agency has been in business, we can’t find insurance for people,” head of insurance agency said.
Sophie Li
Siyamak Khorrami
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“Believe it or not, California has some of the lowest rates in the United States out of any state, because of ... rate suppression,” said Chris Hebard, president of Hebard Insurance Solutions, a Northern California-based agency that offers home, auto, farm, and other net worth insurance for both personal and business use, on a recent episode of EpochTV’s “California Insider.”

While it sounds like good news for homeowners in the market for fire, property damage, and flood coverage, such a phenomenon can be a kiss of death to the state’s economy, she said.

Sophie Li is a Southern California-based reporter covering local daily news, state policies, and breaking news for The Epoch Times. Besides writing, she is also passionate about reading, photography, and tennis.
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