Here's how the insurance business model works — and why some companies are pulling back coverage from fire- and flood-prone areas. https://cnb.cx/3UBxAPE | CNBC
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How to save on insurance costs
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How to save on insurance costs
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USAA CEO Wayne Peacock urges for insurance rate reforms to streamline the process. Find more at the #linkinbio #CNBC
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Fast-moving wildfires have wreaked havoc across Los Angeles in recent weeks. Following the outbreak of the Hughes fire, the structural toll of the January wildfires now exceeds 16,000. Early estimates place the economic toll of the fires between $250 billion and $275 billion. Now, property insurers in the state are facing a historic payout, an estimated $40 billion. Several major property insurance companies, including the state's largest insurer, State Farm, announced pullbacks in coverage in r
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