California Home Insurance Exodus Pushes State’s Last-Resort Backup Plan Toward Insolvency

March 25, 2024

San Jose Mercury-News, March 23, 2024–John Woolfolk
As home insurers flee California, the state’s last-resort insurance plan is warning that it’s being pushed toward insolvency, forced to cover a rapidly growing number of properties that have lost traditional coverage and unable to collect enough in premiums to cover potential losses.
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