The state of California announced a one-year moratorium on the cancellation or non-renewal of homeowners insurance policies in zip codes affected by the Los Angeles-area wildfires.

The California fires are highlighting a serious issue across the nation as insurance carriers drop coverage or decide not to renew policies based on risk.

In 2019, the number of homeowners’ policies in California that were not renewed jumped by more than thirty per cent. In 2023, two giant insurers, State Farm and Allstate, announced that they would stop writing new policies for various forms of property insurance in California.

LOS ANGELES − As multiple wildfires continue to burn through Southern California, evacuation orders remain in place throughout the region through at least Thursday. Authorities continue to investigating the causes of three wildfires that began burning in Southern California on Tuesday and two fires that sparked north of Los Angeles and in Hollywood on Wednesday.