Amid heat waves and wildfires, PPIC poll shows Californians worried about losing home insurance
A firefighter works to protect a structure as the Thompson Fire approaches, Tuesday, July 2, 2024, in Oroville, Calif. With a recent blistering heat wave where temperatures exceeded 110 degrees in many parts of the state fresh in their minds and severe droughts and massive wildfires common in recent years, California voters strongly support a measure on the November ballot to spend $10 billion to address climate change.
Over the past year, several major insurance companies, including Allstate, State Farm and Farmers, have cut back on the number of new policies they issue in California and other Western states due to growing wildfire risk, while others have dropped existing customers or raised rates by thousands of dollars a year. Similar shifts have occurred in Florida, North Carolina and other southern states over hurricane risk.
“First it was the drought, then heavy rains and floods, and most recently the heat wave. That all adds up to a recognition that something has changed.” But there are some areas where they are not on board with the policies of Gov. Gavin Newsom, his predecessor Jerry Brown or the Democrats who control the state Legislature.
“We’re pleased,” said Mike Sweeney, California director for the Nature Conservancy. “This shows we crafted a bond that is responsive to the biggest concerns of voters.”
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