Amid consecutive record-breaking wildfire seasons, from 2015 to 2018, the number of new and renewed homeowners' policies fell by 8,700 in the 10 counties with the most homes in high or very high-risk areas. (Photo: AP)
The California Department of Insurance (DOI) has found that insurance is becoming harder to find for those in high wildfire-risk areas as a result of recent wildfires.
The DOI said that data provided by insurers revealed that there was a 6% increase in insurer-initiated homeowner policy non-renewals in Cal-Fire State Responsibility Areas (SRAs) from 2017 to 2018, while zip codes affected by the fires from 2015 and 2017 experienced a 10% increase in insurer-initiated non-renewals last year.
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Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].
