Insurers struggle to cover wildfire damages in Los Angeles
Wildfires have continued to ravage Los Angeles for nine consecutive days, leaving homes in ashes.
Experts warn that insurers may struggle to cover the extensive damages caused by the wildfires.
Climate change has brought about floods, storms, and wildfires in California, the country’s most populous state.
It is difficult for homeowners in high-risk areas to secure or afford insurance, as companies have reduced the issuance of new policies there.
In some cases, they have failed to renew existing policies, leaving many property owners without coverage in the wake of the disaster.
Property owners in affected areas have reported major insurance companies had withdrawn fire coverage before the blazes broke out.
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