Wildfire Risk Leaves Californians Without Homeowners Insurance

Bloomberg Quint | Dec 4, 2020 at 5:30 PM
  • Acquiring home insurance has long been a mundane but necessary chore.
  • Insurers fleeing the market means residents are often having to turn to back-up options that can be expensive, like the FAIR Plan, an insurance pool created by the state after bad brush fires and riots in the 1960s.
  • The regulator has been holding hearings to contend with the cycle of losses that fuels the higher insurance prices, questioning insurers that don’t take into account efforts made by homeowners to decrease their fire risk.