A dangerous brushfire in LA California area 1/7

Helico-pterFunk

Rising Star
BGOL Legend

blackbull1970

The Black Bastard
Platinum Member
Here it comes…

Nonrenewals are fueling Colorado’s growing homeowners insurance crisis

Tamara Chuang and Olivia Prentzel
Jan 19, 2025


…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

 
Top