Tag: Housing Insurance

Climate Change

State Farm Halts New Homeowner Insurance In California Due To Wildfires | HuffPost Latest News

Flames from the Jerusalem Fire consume a sign containing addresses to homes in Lake County, California, in 2015. Major wildfires in California, and losses in the billions of dollars, have led some big insurance companies to stop writing homeowners policies for households that are considered at high risk of fire.

California Flooding State Farm Insurance has announced it will no longer offer new home insurance policies in California due to rising wildfire risks and construction costs.

Source: State Farm Halts New Homeowner Insurance In California Due To Wildfires | HuffPost Latest News