California Faces a Staggering $20 Billion Wildfire Insurance Crisis, and ‘Sad Surprises’ May Be Ahead for Homeowners
The catastrophe has been years in the making as the state’s largest insurance companies discontinued coverage for thousands of residents and slowed the writing of new policies.
The wildfires burning across Southern California are on their way to being the most costly natural disaster in the history of the state, with estimates that insurers are facing losses exceeding $20 billion.
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