How the wildfires in the Los Angeles area could affect California’s home insurance market

How the wildfires in the Los Angeles area could affect California’s home insurance market

SACRAMENTO: The wildfires that destroyed homes in multiple sections of the Los Angeles area will test California’s efforts to stabilize the state’s insurance marketplace after many insurers stopped issuing residential policies due to the high fire risk. The wind-driven blazes that started Tuesday roared through neighborhoods from the Pacific Coast inland to Pasadena and the…

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