In recent weeks, a series of fast -moving wildfires caused serious damage in Los Angeles. After the outbreak of Hugas, the structural loss of the wild fire in January More than 16,000 now. Early estimated economic losses to fire $ 25 billion and $ 275 billionEssence Now, the state’s real estate insurance company is facing historic expenditures. $ 40 billionEssence
David Sampson, chairman and CEO of the United States Real Estate Insurance Association, said: “The scope of the preliminary loss estimation is between 30 and $ 50 billion.” “This will be the world’s largest fire disaster in history. “
For many California homeowners, the situation is terrible. Several major property insurance companies, including the state’s largest insurer, National farm,Announce Return to the coverage In recent years. Some people restrict the underwriting in high -risk postal coding, and others withdraw from the state. The homeowner who lost family insurance mainly turned to the so -called “last vacation insurance company”, California, California Fair planEssence
The homeowner of Marbu Joan Zoloth is 449,000 Californians Fair plan cover.
Zoros said: “I have to compete like many people in California and have to compete for insurance.” “I called the agent and said,” What should I do? ‘They said, “You know, you can hardly get it. Insurance”.
Together with private insurance companies, the fair plan is still facing huge expenditures. $ 8 billion In losses. Fair plans cannot cover the amount at all. As of January 10, 2025, only $ 377 million Payment claims, and another $ 5.78 billion reinsurance.
Not only Californians Lose insurance Due to severe climate risk and worsening disaster. According to the data of Realtor.com, 44.8 % of all houses in the United States are facing at least one of the areas of serious or extreme climate risk. This includes floods, wildfires, calories, wind and air quality risks. With the strength and cost of natural disasters, insurance companies have been restricting underwriting in Florida, Louisiana and Texas.
Watch the above video to understand more information about the situation of the terrible housing insurance, and how state regulators cooperate with the insurance company to deliver insurance to the homeowner.
