Allstate stops selling new home insurances in CA
 

Allstate has quietly stopped new home insurance policies in California

behind a paywall, but you get the point

Nothing new -
Also not surprising, they're not the only ones who've pulled out of the state because of increased risk of fires, inflation, and "re-insurance" costs, according to the article.

California and Oregon are HUGE fire hazard areas. Just like trying to find hurricane insurance that covers roof replacement costs in Florida is a nightmare, trying to find affordable homeowners insurance in a literal hotbed of tinder is a nightmare.

It didn't used to be this bad but - the "climate change that isn't happening" has been getting worse over the years, and now it's not happening enough to impact homeowners insurance.

I am not a climate change denier. . Just not sure of the cause because the true cause is seldom what common knowledge and politicians say is the cause.

But CA is a terrain which is prone to natural issues which have negative consequences on houses. . .

just wondering if the world is getting too big to manage given the human creativity to extend life way beyond what the pre 1900 life span average was, and to squeeze more crops out of an acre way beyond what the pre 1900 crop yield was

Kind of worthless to post a link that you have to subscribe to a newspaper to read.

You don't have to subscribe to it to read it, if you haven't read anything else from that newspaper in the past month. You get I believe 1 article per month free, no sign-in needed.

When an online publication has some reading restrictions, I change my VPN location, and in most cases that will get you past them.
Works for me.

It was always "this bad"...

It's just that most people didn't live in the areas considered "hotbeds of tinder"...

That, and they knew how to clear the underbrush to help prevent the spread of wildfires...

Never understood not clearing the underbrush so foolish not to.

They've also quietly stopped writing new home insurance policies in Florida "for now." It doesn't affect current policy holders: Allstate stops writing new policies in Florida | wtsp.com

You must be new here!

Many people want sources to back up typed claims. . most of them are from Missouri, and that's OK, but it gives some validity to the poster's claim that's its not the typical BS some posters type as their opinion

Welcome aboard!

State Farm also quit selling home insurance in CA as well as FL. All weather and disaster related. They tried to blame politics here in FL but now out of CA as well. Not politics, but disaster claims.

State Farm has stopped issuing policies on new homes in California.

State Farm decision to stop issuing homeowners insurance in California may drive up premiums - CBS San Francisco

Having been born and raised in southern California, I can tell you that not only has it always been this bad, it has been worse. In the late 60's and early 70's, wildfires across the hills between the mountains and the coast were regular occurrences.

Driven by the Santa Ana winds, those fires would race through the dry grass and scrub brush unimpeded, as they had been doing for thousands of years. The big difference between then and now is that homes have been built on those hills and valleys. The fires still occur, as they always have, but now they cause billions of dollars in damage. My old stomping grounds, back in 1969, had a population of around 29,000 souls. Today that same area is home to nearly 700,000 people. Do the math.

It is not unlike building a home in certain areas around New Orleans. If you build a home at an elevation that is lower than the Gulf of Mexico, and Lake Pontchartrain, what are the chances your home may flood? When people settle into what are natural pathways for nature to vent, Mother Nature always wins.

I didn't know, thank you.

Yep, but “control burns” are bad. Just ask the climate kooks.

One day allstate will make me replace our roof before necessary.

And don't forget the Giant Sequoias, and the Lodge Pole Pine, which require fire to melt the resin in their seed pods, to release the seeds...

Having been out in Napa Valley just before the wild fires burned large parts of vineyards and towns, Tubbs fire, 2017, the terrain is just too big and steep to clear all the underbrush, as well as the winds with the geography tend to spread the fires very far and sometimes quickly . .

I would say that the fires have always been there, and there are just more people and houses such that the intersection of nature and humans have more opportunities to meet. Weather patterns are mostly random, so some things can happen every 100 years . . . but 100 years ago there were not many people / houses where there are now

Driving up some of the mountain roads, i don't understand why some people live up them, but to each their own prerogatives. . .

The insurance companies have a choice, either charge the max the state will allow for a high risk pool, or exit. . as the probability of loss is too high for the premiums collected, given the increasing number of houses at the intersection with nature.

More people = more need for more water = less water available to keep the forests hydrated = more forest fires = more spread of forest fires = more difficulty in controlling forest fires.

Some of the disaster claim issue involves insurance and contractor regulations - which is absolutely politics. The disasters themselves are not politics. But who has to pay out, what they must/can't pay out and for what reason, and what premiums must/may not cover - are absolutely regulatory and political.

Then maybe governments need to be more accepting of nature, and stop allowing development in places where Mother Nature will ALWAYS win. Unfortunately that'd be bad for business and when it comes to politics - profiting business tends to trump "the good of the whole."

Rain is what keeps forests hydrated... Not water use by people...

Let's not forget Earthquakes
 

And let's not forget earthquakes.

Shhhhh
 

They are not and are not non renewing.