Part 1/9:
The Consequences of Wildfire Risks on California Homeowners Insurance
Recent discussions surrounding homeowners insurance in California have taken center stage as devastating wildfires have swept through the state, raising serious concerns about the future of home insurance availability. Mike Zuckerman, CEO of CSAA Insurance Group, highlighted these concerns, indicating that a lack of insurability for homes in California could create catastrophic changes for residents. As the third-largest insurer in California, CSAA continues to write new policies but is also facing the reality of having to decline a portion of policies due to the escalating wildfire risks.