Business Rundown: California Wildfires Further Fuel Insurance Crisis

Set to become one of the most destructive fires in the state’s
history, the California wildfires will inflict a serious financial
toll on homeowners and their insurance costs. Usually when your
house burns down, you look to your home insurance provider for the
fix; however, many residents in California who live in high-risk
areas have struggled to find affordable coverage, or they may even
have been recently dropped by their insurance providers, who argue
the wildfires cost damage too hefty to cover. FOX Business
correspondent Gerri Willis speaks with CRMBC CEO and insurance
industry expert Kaya Stanley about how the wildfires threaten to
balloon home insurance issues into a crisis in the Golden State.
Photo Credit: AP Learn more about your ad choices. Visit
podcastchoices.com/adchoices