Storms in California hit homeowners already facing an insurance crisis | CNN Business

Washington, DC CNN  — 

The storms pummeling California this week hit a part of the US already being battered by a home insurance crisis.

Insurance costs in much of California have become exceedingly high, with some insurers abandoning the market, unwilling to take on the risk presented by the frequency and severity of climate disasters in the region.

With insurers strained by climate change and inflation, many are demanding higher premiums, making it much harder to find affordable (or any) home and fire insurance.

But it is not just California; homeowners in other areas

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