California Homeowners Are Losing Their Insurance—Here’s Why

California Homeowners Are Losing Their Insurance—Here’s Why

“A lot of people think that insurance carriers are just multi-billion-dollar companies living the good life. That’s not always the case. In the last three to five years, we’ve been losing so much money that we just can’t do this anymore,” says Harry Crusberg, a fire marshal and former president of American Agents Alliance.

Home insurance rates are skyrocketing in California because of fire risks. Join us as we dive into California’s ongoing insurance crisis. We'll explore why insurance companies are dropping policies, leaving homeowners with no options but the costly FAIR Plan, or going without insurance entirely.

“Our first year of fire insurance was $7,000. By the third year, it went up to $12,000, which we could no longer afford. We never imagined putting ourselves in a position where we would own a house without insurance,” says Michael Daneau, a homeowner who lost his second home to fires in six years.

We also speak with state leaders about what they are doing about it.

“The Legislature is taking this issue very, very seriously. ... The cancellation of these insurance policies isn’t just happening to people in high fire-threat areas. For heaven’s sake, I had my own insurance policy canceled,” says Senator Dave Cortese, who’s working on a partial property coverage by insurers to expand options for consumers.

*Views expressed in this video/article are opinions of the author and do not necessarily reflect the views of California Insider.

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(300)

What San Diego Voters Are Being Asked to Change | Joel Anderson

What San Diego Voters Are Being Asked to Change | Joel Anderson

San Diego County voters will decide this November whether to change some of the rules governing accountability and oversight inside county government. The proposal comes as public spending and how tha...

13 Sep 45min

The Crisis California’s Animal Shelters Are Facing | Gary Weitzman

The Crisis California’s Animal Shelters Are Facing | Gary Weitzman

When people in California surrender a pet to a shelter or send an animal to a sanctuary, they expect that animal to be cared for. What happens after that can remain largely out of sight until somethin...

10 Sep 40min

California Students Are Preparing for a Changing Workforce | Panel

California Students Are Preparing for a Changing Workforce | Panel

California families can spend years preparing a student for college, only for that student to reach graduation with little idea of what the work on the other side will actually be like. With the cost ...

7 Sep 45min

Public Safety, Housing, and What Could Decide the Los Angeles Mayor’s Race | Matt Klink

Public Safety, Housing, and What Could Decide the Los Angeles Mayor’s Race | Matt Klink

Los Angeles is heading toward a mayoral runoff with public safety, homelessness, housing affordability, and the city’s finances still weighing on the race. Karen Bass and Nithya Raman are the two name...

3 Sep 40min

Why California Street Takeovers Are Hard to Stop | Panel

Why California Street Takeovers Are Hard to Stop | Panel

Street takeovers can form quickly, leaving drivers, bystanders, and police facing a dangerous situation in the middle of a public road. In California, large groups can appear before authorities have m...

1 Sep 41min

Why Tech Startups Still Choose Silicon Valley | Aman Verjee

Why Tech Startups Still Choose Silicon Valley | Aman Verjee

In the Bay Area, AI is bringing renewed attention and investment to Silicon Valley at the same time that many technology companies are expanding outside California. The region can remain important to ...

28 Aug 40min

Why Some Crimes Go Unreported in California | Panel

Why Some Crimes Go Unreported in California | Panel

Crime statistics say things are improving in California, yet for some residents, that reading does not square with what they notice in their own communities. When the official numbers and what people ...

24 Aug 41min

California Has 14 Ballot Measures. What Would They Change? | Will Swaim

California Has 14 Ballot Measures. What Would They Change? | Will Swaim

California voters can read a ballot title and still be left wondering what a measure would mean in practice. This November, 14 statewide propositions put some consequential policy choices into just a ...

20 Aug 1h

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
forklart
aftenpodden-usa
bt-dokumentar-2
stopp-verden
popradet
fotballpodden-2
nokon-ma-ga
det-store-bildet
dine-penger-pengeradet
rss-espen-lee-usensurert
hanna-de-heldige
rss-gukild-johaug
unitedno
rss-ness
aftenbla-bla
e24-podden
frokostshowet-pa-p5
rss-penger-polser-og-politikk