How are people supposed to rebuild Paradise, California, when nobody can afford home insurance?
Por um escritor misterioso
Last updated 22 março 2025
Efforts to rebuild a California town nearly wiped out by wildfire five years ago are being stymied by high home insurance costs.
Efforts to rebuild a California town nearly wiped out by wildfire five years ago are being stymied by high home insurance costs. Residents of Paradise are experiencing sticker shock on renewal policies that near or surpass $10,000. The Nov. 8, 2018, fire that ripped through Paradise and surrounding areas sounded an alarm to national home insurers about the costs of wildfire fueled by climate change. Farmers, State Farm, Allstate and others have paused or restricted new business in California, saying they can’t afford to take on new clients. Homeowners who haven’t been dropped by their insurers are seeing stunning hikes in premiums.
Efforts to rebuild a California town nearly wiped out by wildfire five years ago are being stymied by high home insurance costs. Residents of Paradise are experiencing sticker shock on renewal policies that near or surpass $10,000. The Nov. 8, 2018, fire that ripped through Paradise and surrounding areas sounded an alarm to national home insurers about the costs of wildfire fueled by climate change. Farmers, State Farm, Allstate and others have paused or restricted new business in California, saying they can’t afford to take on new clients. Homeowners who haven’t been dropped by their insurers are seeing stunning hikes in premiums.

How climate change could cause a home insurance meltdown

How are people supposed to rebuild Paradise, California, when nobody can afford home insurance?
California
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The Camp Fire, one year later: a California town called Paradise wonders if anything will ever be the same - Vox

Farmers_Insurance

A town re-emerges from the ashes of a devastating wildfire. But five years on, is Paradise for all?, California

How are people supposed to rebuild Paradise, California, when nobody can afford home insurance?

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Farmers_Insurance
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