The Los Angeles wildfires have devastated communities, destroying thousands of homes and structures, and may become one of the most expensive in US history, with estimated costs of $250 billion. These fires underscore the growing impacts of climate change on homeowners' insurance, making it increasingly unaffordable or unavailable in many high-risk areas. California has implemented a moratorium preventing insurance companies from dropping affected policyholders. Experts highlight that rising insurance premiums and coverage gaps are creating significant financial challenges for both homeowners and renters, contributing to a wider economic issue affecting the working and middle class.
The deadly Los Angeles infernos have laid waste to entire communities, forcing thousands of people to evacuate and destroying 16,000 structures, many of them homes.
The fire and its aftermath have also highlighted how increasingly, climate change-related disasters are making homeowners' insurance unaffordable or inaccessible for many in at-risk regions.
Collection
[
|
...
]