Property owners in California and Hawaii are facing insurance challenges as insurers exit housing markets due to high risks from wildfires and floods. Nationwide has stopped lending on flood-risk properties, and major insurers like State Farm and Allstate are leaving fire- and flood-prone areas, impacting home values. Homeowners in the East Bay city and a wealthy Bay Area city are struggling to find new policies as insurance non-renewals affect a significant portion of homeowners.
Thousands of homeowners in this wealthy Bay Area city are set to lose insurance: ‘No good options’ https://t.co/gwkbqXruUn via @sfchronicle
Insurance non-renewals will hit at least a quarter of homeowners in the East Bay city — and those hunting for new policies say they’re finding little, if anything, available. https://t.co/uWMMRrSYrt
Insurers such as State Farm and Allstate are leaving fire- and flood-prone areas. Home values could take a hit https://t.co/f1gAoqROTB
Growing wildfire risk leaves states grappling with how to keep property insurers from fleeing. Read below: https://t.co/M09KIg1dAT
Months after a catastrophic fire burned more than 2,200 homes in Hawaii, some property owners are getting more bad news — their property insurance won’t be renewed because their insurance company has deemed the risk too high. https://t.co/o9QKYJVsMy
BREAKING Nationwide 'stops lending' on some properties and other banks could follow https://t.co/YIbwESh5bC
Nationwide stops lending on some flood-risk properties https://t.co/rSn3ivPiUS
Months after a catastrophic fire burned more than 2,200 homes in Hawaii, some property owners are getting more bad news — their property insurance won't be renewed because their insurance company has deemed the risk too high. https://t.co/gJcNstXQvP
Growing wildfire risk leaves states grappling with how to keep property insurers from fleeing https://t.co/SM1otOnLbj
Californians are facing an insurance crisis as insurers increasingly exit housing markets. Proud to have introduced bipartisan legislation to help homeowners protect their property before disaster strikes and encourage insurers to re-enter markets. https://t.co/I4R6ZREkXs