Climate related impacts

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Challenging insurance market in California

California will let insurance companies consider climate change when setting their prices.

There were nearly 600,000 home policies on the FAIR Plan as of June.

Wildfires in Los Angeles will test efforts to stabilize the state’s insurance marketplace.

Allstate and State Farm insurance pull back from California’s home insurance marketplace.

Enrollments in the state pool have jumped to 272,846 homes in 2023.

Of the top 20 most destructive wildfires in state history, 14 have occurred since 2015.

Uncertainty about rebuilding of 17,000 homes, businesses and structures burned to the ground.

Sales at building materials and garden supply retailers rose 0.8%.

Lawsuit this week to block insurers from charging California customers for $500 million.

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