In 2023, three of California’s major home insurance companies denied claims at a higher rate than what was seen in other parts of the U.S., a new report found.
Questions have swirled about the home insurance industry - or lack thereof - in California in the wake of wildfires that have destroyed more than 12,000 structures across Los Angeles. The blazes continue to rage as crews work to contain them. People who have lost homes are reporting they didnt have insurance after many companies stopped offering home insurance policies in the state.
