An Arizona man with four extra homes is offering them to LA wildfire victims for free so they can rebuild their lives. And he's trying to get other people with second homes to donate them as well.
Arizona realtor Andrew Bloom is letting California wildfire victims stay in a Paradise Valley home for free while they recover and decide on their next steps.
Andrew Bloom, CEO, senior partner and co-founder of BVO Luxury Group at Keller Williams Arizona Realty, has surpassed $1 billion in closed residential real estate deals.
In Colorado, homeowners’ premiums are up nearly 60% in five years. But the state is also dealing with insurers dropping coverage or leaving the state altogether.
coloradosun.com
…The cost of property insurance in Colorado has become one of the fastest-growing household expenses, with premiums increasing an average of 57.9% from 2018 to 2023, according to the Rocky Mountain Insurance Association. Hail storm damage may be largely to blame in Colorado but as wildfires rage in Los Angeles, there’s a growing concern of the impact on insurance premiums thousands of miles away. But even more troubling for homeowners is the possibility of getting a cancellation or nonrenewal notice, or prospective homebuyers hunting for a house in areas deemed too risky by insurers….
As climate risks mount, homeowners far beyond California face soaring insurance bills
The Los Angeles wildfires, which have decimated neighborhoods such as Pacific Palisades and Altadena, are focusing attention on a mounting insurance crisis that is particularly acute in states at greatest risk of wildfires, such as California, Colorado, Texas and Oregon. But the problem is reaching into almost every region of the U.S., including the Midwest, the Northeast and the Mountain states, according to analyses of insurance data.
By Aimee Picchi
Edited By Alain Sherter
January 16, 2025