When wildfires sweep through neighborhoods, insurance is often the last line of defense. But increasingly, that defense is disappearing. Recently, the insurance industry has responded to severe climate risks by withdrawing coverage from higher-risk areas.

read more

In recent years, hundreds of thousands of Californians have purchased home insurance from a state-managed “last resort” insurance pool that has grown rapidly as private insurance companies have fled the market.

Now, in the wake of the devastating Los Angeles wildfires earlier this year, the Fair Access to Insurance Requirements (FAIR) Plan is seeking approval from the state for an average 36% rate hike, which would further squeeze homeowners who have no other options for coverage.

read more