California Wildfires Threaten Insurance Rates
This is a California news story, published by CNBC, that relates primarily to Wilk news.
California news
For more California news, you can click here:
more California newsWilk news
For more Wilk news, you can click here:
more Wilk newsreal estate & housing news
For more real estate & housing news, you can click here:
more real estate & housing newsCNBC news
For more news from CNBC, you can click here:
more news from CNBCAbout the Otherweb
Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like real estate & housing news, you might also like this article about
recent wildfires. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest insurance premiums news, insurance news, real estate & housing news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
Home insuranceCNBC
•Business
Business & Economics
Homeowner’s insurance premiums vary widely from state to state, but they are all going up
83% Informative
Premiums vary widely from state to state, with Florida 's highest at $ 15,460 on average as projected by Insurify .
Insurance premiums are regulated state by state, so in theory, a company can't use a disaster in one state to justify a rate increase in another.
Experts expect the increases to continue as storms and other natural disasters become more severe.
California insurance company sought a 30% increase, but it has petitioned state regulators to approve the remaining 13% .
Wilk said there are still affordable options, relatively speaking, from smaller carriers in California .
He said that many of his clients are happy just to be able to get insurance.
VR Score
88
Informative language
90
Neutral language
49
Article tone
informal
Language
English
Language complexity
55
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
2
Source diversity
2
Affiliate links
no affiliate links