Energy and Environment

Two more home insurers exit California amid wildfire risks and state rules

By Breanne Deppisch
Published August 16, 2023 5:59pm ET
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Two more home insurers exit California amid wildfire risks and state rules
FILE - In this Thursday, July 26, 2018 file photo, a structure burns as the Carr fire races along Highway 299 near Redding, Calif. In the last year, fires have devastated neighborhoods in the Northern California wine country city of Santa Rosa, the Southern California beach city of Ventura and, now, the inland city of Redding. Hotter weather from changing climates is drying out vegetation, creating more intense fires that spread quickly from rural areas to city subdivisions, climate and fire experts say. But they also blame cities for expanding into previously undeveloped areas susceptible to fire. | (AP Photo/Noah Berger, File)

Two new home insurers have abruptly announced plans to exit the California insurance market, further reducing options for residents in the state to protect their properties when risks of wildfires and other extreme weather events are on the rise.

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