How are people supposed to rebuild Paradise, California, when nobody can afford home insurance?
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Efforts to rebuild a California town nearly wiped out by wildfire five years ago are being stymied by high home insurance costs.
Efforts to rebuild a California town nearly wiped out by wildfire five years ago are being stymied by high home insurance costs. Residents of Paradise are experiencing sticker shock on renewal policies that near or surpass $10,000. The Nov. 8, 2018, fire that ripped through Paradise and surrounding areas sounded an alarm to national home insurers about the costs of wildfire fueled by climate change. Farmers, State Farm, Allstate and others have paused or restricted new business in California, saying they can’t afford to take on new clients. Homeowners who haven’t been dropped by their insurers are seeing stunning hikes in premiums.
Efforts to rebuild a California town nearly wiped out by wildfire five years ago are being stymied by high home insurance costs. Residents of Paradise are experiencing sticker shock on renewal policies that near or surpass $10,000. The Nov. 8, 2018, fire that ripped through Paradise and surrounding areas sounded an alarm to national home insurers about the costs of wildfire fueled by climate change. Farmers, State Farm, Allstate and others have paused or restricted new business in California, saying they can’t afford to take on new clients. Homeowners who haven’t been dropped by their insurers are seeing stunning hikes in premiums.
How are people supposed to rebuild Paradise, California, when nobody can afford home insurance?
California
Burn. Build. Repeat: Why Our Wildfire Policy Is So Deadly – Mother Jones
How are people supposed to rebuild Paradise, California, when nobody can afford home insurance?
How are people supposed to rebuild Paradise, California, when nobody can afford home insurance?
Former Arby's building demolition held up in appeals, Local News
Insurers withdraw from riskiest areas as threats from climate change grow : NPR
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Colorado wildfires are making it harder to insure homes. Could a publicly funded plan stave off an insurance crisis? – Greeley Tribune
Home insurance: 4 options on the table for CA - CalMatters
Portion of State Route 534 closed in Newton Falls
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