Thousands of LA homeowners are facing catastrophic losses due to wildfires and a lack of insurance coverage. Major insurers like State Farm have refused policy renewals, leaving many homeowners uninsured or facing exorbitant premiums. The FAIR plan serves as a last resort for those unable to obtain conventional insurance, but it is costly and strained by increasing natural disasters. California is implementing regulations to require insurers to offer policies in high-risk areas, as climate change continues to exacerbate insurance challenges globally. Teljes cikk (Euronews.com)