Reported 1 day ago
Southern California is grappling with five wildfires that have devastated nearly 30,000 acres and destroyed over 10,000 homes and businesses. The projected losses from these fires could reach $150 billion, posing a significant challenge to the insurance industry, particularly for homeowners. Experts warn that climate change and regulatory shifts are complicating insurance availability, exacerbating the crisis in California's insurance market.
Source: YAHOO