Coverage Crisis in the News

March 1, 2024

San Francisco Chronicle

Habitat for Humanity puts California families in affordable homes. Insurance crisis puts that at risk

As the executive director of Habitat for Humanity California, I’ve watched my colleagues learn through experience how to manage the many challenges of building affordable housing in California —  from fighting red tape to securing permits to accessing limited government and charitable funds. Using the expertise, our 33 Habitat affiliates across the state build and repair […]

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February 18, 2024

The Press Democrat

Close to Home: Outdated rules fuel insurance crisis

During the past two decades, an increasing number of catastrophic wildfires and other climate change-related disasters have ravaged California. Yet even with this perennial threat, the state has allowed an outdated regulatory system to paralyze the insurance market — creating a coverage crisis that makes it impossible for a growing number of Californians to protect […]

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December 18, 2023

Santa Cruz Sentenial

Cost, availability of insurance the latest threat to local pocketbooks

With spiraling housing costs, hikes in PG&E monthly bills, higher taxes, and inflationary food costs, as beautiful as it is here, it’s a wonder more people aren’t fleeing here for more affordable climes. Insurance is another in the list of cost-of-living outrages. Auto insurance policies are getting harder to find and more expensive in California […]

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December 17, 2023

The Sacramento Bee

Placerville mayor: California’s insurance crisis is top of mind for constituents

When you’re the mayor of a small town, your neighbors aren’t shy about telling you what’s troubling them. When something is shaking their sense of well-being, they let you know. California’s insurance crisis has been top of mind for Placerville residents. I hear about it nearly every day. Retired homeowners’ security is at risk because […]

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November 26, 2023

Southern California News Group

Putting insureds over the tort lobby

California is in the throes of an insurance crisis after the state’s largest insurer, State Farm, and then some other companies announced they no longer are writing new policies here. This comes after years of growing wildfire-related losses. State officials blame climate change, but it’s a problem mainly caused by government regulation. Simply put, 1988’s […]

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November 11, 2023

San Francisco Chronicle

California’s insurance market is a ticking time bomb. All of us are at risk of being caught in the blast

Wednesday marked five years since the devastating Camp Fire ripped through the Butte County town of Paradise, killing 85 people, destroying 11,000 homes and spurring an exodus of two-thirds of the population.   Although California’s fire season was relatively calm this year due to a historically wet winter, the lingering impact of Paradise — along with skyrocketing […]

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October 31, 2023

San Francisco Chronicle

Four more home insurance brands leave California.

Four small insurers plan to nonrenew California home policies starting in 2024.  The four companies — Merastar Insurance Company, Unitrin Auto and Home Insurance Company, Unitrin Direct Property and Casualty Company, and Kemper Independence Insurance Company — each cited a nationwide restructuring decision from their parent company Kemper Corporation, according to a document filed jointly this month with the […]

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October 12, 2023

San Fransisco Standard

Insurance Crisis: Another Insurer Exits California After Newsom Moves To Lure Companies Back

Another insurance company will exit California just weeks after Gov. Gavin Newsom called for regulatory action to ameliorate the state’s ongoing homeowners insurance availability crisis. CSE Insurance Group ceased selling policies on Monday and will begin dropping its current policies when they come up for renewal, according to two company communications that sources in the […]

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September 12, 2023

Politico

Wildfire insurance crisis is a ‘waving red flag,’ Newsom says.

SACRAMENTO, Calif. — Gov. Gavin Newsom acknowledged California’s growing wildfire insurance problem Tuesday after lawmakers failed this week to reach a deal to shore up the market. He called the retreat of home insurers amid rising climate disaster costs a “waving red flag” and compared California to Florida, where Gov. Ron DeSantis is also grappling […]

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July 21, 2023

New York Times

Why California and Florida Have Become Almost Uninsurable.

As different as California and Florida are, they share one big problem: Insurance companies are curtailing business in the two states. Some aren’t writing new policies. Others are going further and not renewing policies as they expire. I’m picturing vans pulling out of Sacramento or Tallahassee filled with sad-looking insurance mascots. Geico’s gecko. Jake from […]

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July 10, 2023

The North Bay Business Journal

Will the loss of insurance carriers lead to a coverage crisis in California?

Californians now have even fewer insurance carriers to choose from, following a recent announcement from Farmers Insurance. The company stated it saw a spike in applications for homeowners insurance and as a result will be limiting the number of new homeowners policies in the state, effective July 3. State Farm and Allstate had already announced […]

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June 27, 2023

The Washington Post

Climate change is fueling an insurance crisis. There’s no easy fix.

In California, State Farm and Allstate recently stopped selling new home insurance policies after years of catastrophic wildfires. In Louisiana, at least seven insurance companies have failed since Hurricane Ida. And in Florida, most big insurance companies have already pulled out of the storm-battered state. In these disaster-prone states, the climate crisis is fueling an insurance crisis, leaving homeowners struggling to find affordable coverage. Yet […]

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June 21, 2023

NPR

Insurers Flee California As Catastrophic Wildfires Become The Norm.

As climate change gets worse, California is seeing larger and more dangerous wildfires. And in response some insurers are leaving the state behind, finding the growing risk too high to pay. Host Ailsa Chang talks with Michael Wara, who directs a climate and energy policy program at Stanford, about the financial calculus insurers are making […]

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June 5, 2023

The Associated Press

California insurance market rattled by withdrawal of major companies.

LOS ANGELES (AP) — Two insurance industry giants have pulled back from California’s home insurance marketplace, saying that increasing wildfire risk and soaring construction costs have prompted them to stop writing new policies in the nation’s most populous state. State Farm announced last week it would stop accepting applications for all business and personal lines […]

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August 29, 2022

San Jose Mercury News

California Homeowners Could Continue Losing Insurance as Wildfire Threat Looms.

Almost a year to the day after evacuating during the devastating CZU Lightning Complex fires in August 2020, Judy Osborn learned she’d been dropped by her home insurance company. Her two-bedroom house in the Santa Cruz Mountains had become too risky to cover, her provider explained, and Osborn was left to seek out a new policy in […]

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