California has been hit with an exodus of property insurance companies in recent years, and the state's ongoing wildfires ...
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The outbreak of deadly wildfires in Southern California has prompted criticism of insurers who have dropped coverage in the ...
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An analysis by JPMorgan estimates that the insured losses from the Southern California wildfires could exceed $20 billion and push overall economic losses to $50 billion.
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A California law passed in 1988 and its regulations play a significant role in why insurance companies are fleeing the state, experts say.