Is California facing a home insurance crisis like hurricane-ravaged Florida?

Is California facing a home insurance crisis like hurricane-ravaged Florida?

10 months ago
Anonymous $KxGqLmj_R3

https://www.siliconvalley.com/2023/06/08/is-california-facing-home-insurance-crisis-like-hurricane-ravaged-florida/

Farmers Insurance had covered Don Baker’s light-gray house with powder-blue trim since he and his family moved to Boulder Creek 13 years ago. A few weeks ago, he got notice his policy won’t be renewed after it expires in August.

Baker looked around and got an offer from State Farm to cover his home nestled among redwood trees in the Santa Cruz Mountains. But the agent withdrew it the next day, just before the nation’s largest insurer issued its stunning May 26 announcement that it won’t write new home policies anywhere in California.