Southern California wildfires pose main risk to economic system and insurance coverage – Moody’s

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Southern California wildfires pose major threat to economy and insurance – Moody’s

Moreover, California’s FAIR Plan, which gives fireplace insurance coverage to high-risk properties, could require elevated taxpayer funding to maintain protection, doubtlessly affecting owners statewide. Elevated insurance coverage prices, coupled with rebuilding challenges, might worsen California’s present reasonably priced housing disaster.