homeowner's insurance

U.S. SENATE PANEL DIVIDED OVER CLIMATE AS CAUSE OF RISING INSURANCE PREMIUMS

 
Photo: Ford's Flooded Home during January 22, 2024 flooding in San Diego, East County Magazine file photo
 
June 10, 2024 (Washington, D.C.) — The U.S. Senate Budget Committee debated the cause of the insurance crisis plaguing homeowners around the country at a Wednesday hearing, with Democrats identifying climate change as the ultimate driving force of rising premiums and Republicans pointing to high government spending and inflation.
 
Homeowners insurance premiums have skyrocketed in recent years, following billions in damages, which has led many insurance companies to drop coverage. An uptick in extreme weather events has been a factor in rising costs.

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Support community news in the public interest! As nonprofit news, we rely on donations from the public to fund our reporting -- not special interests. Please donate to sustain East County Magazine's local reporting and/or wildfire alerts at https://www.eastcountymedia.org/donate to help us keep people safe and informed across our region.

CALIFORNIA PROTECTS HOMEOWNERS FROM HAVING FIRE INSURANCE DROPPED - AGAIN

The areas given protection include these zip codes near the destructive Valley Fire in San Diego’s East County:  91901,  91905, 91906, 91914, 91915, 91916, 91917, 91935, 91962, 91963, 91978, 91980,  92021, 92019, 92021, 92040, and  92154.

By James Bikales, CALmatters

CalMatters is an independent public interest journalism venture covering California state politics and government.

Photo:  A firefighter hoses down a burning home to help stop the spread of the fire to nearby homes in the Skyhawk community as the Shady Fire burns in Santa Rosa, on Sept. 28, 2020. Photo by Dai Sugano, Bay Area News Group

November 12, 2020 (Sacramento) - As this year’s historic wildfire season winds down, Californians living in fire-prone territory got temporary relief from another threat: they can’t lose their homeowners’ insurance policies for another year.


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Support community news in the public interest! As nonprofit news, we rely on donations from the public to fund our reporting -- not special interests. Please donate to sustain East County Magazine's local reporting and/or wildfire alerts at https://www.eastcountymedia.org/donate to help us keep people safe and informed across our region.

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