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California’s Insurance Crisis Deepens | Chico News
California’s insurance crisis is hitting hard—homeowners, renters, and businesses are paying more, getting less, and facing claim delays or denials as climate disasters surge. While lawmakers take the heat, the problem isn’t unique to California; rising risks nationwide are driving up premiums everywhere. Even with strict regulations like Prop 103, rates are average—not the worst. Meanwhile, insurers report record profits and hefty executive pay, widening the gap between corporate gains and consumer pain. The FAIR Plan, meant as a safety net, is overwhelmed, forcing people into costlier, less…
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