The Palisades Fire is the first big test for California's new home insurance scheme
Corporate Knights
JANUARY 9, 2025
Following a rash of historic wildfires in 2017 and 2018 , insurance companies have fled the state , dropped tens of thousands of customers in flammable areas, and raised prices by double-digit percentages. A requirement to expand insurance coverage Until recently, elected officials have taken few major steps to address the crisis.
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