A home insurance crisis is building in the Mountain West. State leaders are struggling to respond

Insurers seek to surcharge California homeowners for LA County fire costs

Insurers are seeking to charge homeowners across California for some of the costs of the catastrophic Los Angeles County fires the companies were burdened with when the state’s insurer of last resort needed a bailout. The California FAIR Plan Association, with the approval of state Insurance Commissioner Ricardo Lara, assessed its member carriers $1 billion on Feb. 11 when the plan was swamped with thousands of claims after the Jan. 7 fires in P…

A home insurance crisis is building in the Mountain West. State leaders are struggling to respond

Homeowners insurance is getting more expensive and harder to keep. Lawmakers in our region introduced more than a dozen policy proposals in response this year.