The California wildfire insurance crisis

For over a week now, Los Angeles has been devastated by aggressive wildfire that are expected to be the most costly in California’s history. While many have already seen their communities burned, we won’t know the full extent of the damage for weeks. Already, thousands of families are wondering how they are going to recover and rebuild.  Central to that question is how much of the costs insurance will cover.  And it comes as California is going through a home and renter’s insurance crisis. Guest Levi Sumagaysay has been covering California’s economy and its insurance market for CalMatters breaks down the crisis and some potential solutions. Guest: Levi Sumagaysay, CalMatter Economy Reporter Relevant Links: LA fires could worsen California’s stressed insurance market Can California fix its home insurance market? - CalMatters California fire insurance: FAIR Plan going through growing pains - CalMatters Thank you to the supporters of KUOW, you help make this show possible! If you want to help out, go to kuow.org/donate/soundsidenotes Soundside is a production of KUOW in Seattle, a proud member of the NPR Network.See omnystudio.com/listener for privacy information.