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- Title
Wildfire and California Home Insurance Challenges.
- Authors
WUERTHNER, GEORGE
- Abstract
Some may bemoan the higher insurance costs in wildfire-riskareas, but insurance costs or cancellations may begin to limit homeconstruction in fire-prone areas or what I call the "fire plain." State Farm Insurance Company announced it would no longer takeon new insurance clients in California due to the rising cost offire-related losses. The company cited "rapidly growing" catastrophe risks likewildfires, "historic increases" in construction costs, and achallenging reinsurance market for its decision.
- Subjects
CALIFORNIA; CALIFORNIA wildfires; WILDFIRES; INSURANCE; FLOODPLAINS; INSURANCE rates; INSURANCE policies
- Publication
CounterPunch, 2023, p397
- ISSN
1086-2323
- Publication type
Article