California Homeowners Face Higher Prices for a Scarce Commodity: Wildfire Insurance
Wall Street Journal, Feb. 10, 2019–Nicole Friedman (subscription)
Californians who want to insure their homes against the next wildfire are paying a price for two years of record-breaking blazes. Home-insurance companies in the Golden State are canceling some policies, refusing to sell new ones in certain areas and applying for rate increases as they look to cut back on wildfire risk.
