Homeowners raise concerns amid looming insurance crisis: 'Would be a huge blow'

Homeowners raise concerns amid looming insurance crisis: 'Would be a huge blow'

California homeowners are facing another financial gut punch as the state's last-resort insurance program, the California FAIR Plan, seeks to raise premiums by nearly 36%. The proposed increase highlights a deepening crisis where extreme weather and rising wildfire risks are making basic insurance coverage harder to afford. What's happening? The California FAIR Plan, a state-created but privately funded insurer, has asked regulators for a 35.8% …