Even before this week's wildfires in Los Angeles County, California was in the midst of an insurance crisis spurred by the threat of intensifying wildfires and other extreme weather events."
Insurance will continue to get more expensive for the whole region... I've seen numbers go up, 200%, 300%, even 500% in a year, said Ramirez.
This progress now feels in jeopardy as multiple fires blazed through Los Angeles County neighborhoods on Tuesday, razing Pacific Palisades, Altadena, and Hurst.
Experts predict premiums will continue to rise for the whole region and it may get harder to secure a loan.
#california-insurance-crisis #wildfires-impact #rising-premiums #home-ownership #extreme-weather-effects
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