Skyrocketing California Insurance Premiums, Cancellations Due to Wildfire Risk Driving Some to Leave

Skyrocketing California Insurance Premiums, Cancellations Due to Wildfire Risk Driving Some to Leave
A warning sign for fires overlooks south Orange County in Laguna Beach, Calif., on Dec. 15, 2020. John Fredricks/The Epoch Times
|Updated:
0:00

More than 2 million homes in California are considered as being at high or extreme fire risks, according to industry analysts, and with insurers responding by deeming certain areas and properties uninsurable—and increasing premium costs for others—some homeowners say they are left with few options.

Verisk Analytics, an organization providing risk assessment data based in New Jersey, reported in 2021 approximately 15 percent of housing units in the Golden State are categorized in the most dangerous tiers, with another 12 percent—more than 1.6 million homes—rated as a moderate risk (pdf).
Travis Gillmore
Travis Gillmore
Author
Travis Gillmore is a White House reporter for The Epoch Times. He previously covered the California legislature and Gov. Gavin Newsom. Contact him at [email protected]
twitter
Related Topics