California’s insurance is in crisis. The solution will cost homeowners a ton | CNN Business

New York CNN  — 

Lynne Levin-Guzman stood in the front yard of her 90-year-old parents’ home in Los Angeles County, California, trying to protect it with a garden hose — because their insurance company no longer would.

“I know I’m not supposed to be here, but this is my parents’ home and they just lost — they got canceled from their fire insurance. So they’re dealing with this,” she told CNN affiliate KABC. “They’ve lived in this house for 75 years and they’ve had the same insurance and these insurance people decided to cancel their fire insurance.”

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

The Devastating Los Angeles Fires in Pictures

On the morning of January 7, the first of Los Angeles’ vast wildfires broke out in a forested area near Topanga State Park on...

‘Shark Tank’s’ Kevin O’Leary and billionaire Frank McCourt want to buy TikTok. One problem: It’s not for sale | CNN Business

New York CNN  —  A group formed by billionaire entrepreneur and former Los Angeles Dodgers owner Frank McCourt has...

The final jobs report for 2024 lands Friday. Here’s what 2025 could mean for your job | CNN Business

CNN  —  In 2024, job growth continued to cool off, settling back into a familiar gait that was...