Thousands more Californians will lose their home insurance this summer as two more insurers withdraw from the state.

It looks like we are loosing two more home insurers in California this July.

California Homeowners Insurance Crisis: Thousands to Lose Coverage as Two More Insurers Withdraw

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Major auto insurers are pulling back in the California marketplace because they are saying our drivers are just too expensive to insure.

Californians are driving about as much as they were before the pandemic, but apparently not as well.

Auto accidents are up and some insurance companies say they are paying out more than they are taking in. But, the insurance commissioner says the facts don’t support their claims.

In California, some insurers haven’t seen a rate increase approved by the insurance commissioner in over 3 years.

 

Source: CBSNews