California Wildfire Insurance Crisis Deepens as State Farm Drops 70,000 Policies | EWTN News Nightly
- Preacher
- Mother Angelica
- Tradition
- Roman Catholic
- Published
- Length
- 4:00
About this sermon
The deadly wildfires are testing California's efforts to stabilize its insurance marketplace. This comes after many insurers stopped issuing residential policies because of the high risk of fire. In recent years, hundreds of thousands of homeowners in the Golden State have struggled to find fire insurance. The recent blazes could make coverage more expensive and even harder to find. Last year, for instance, State Farm discontinued coverage for more than 70,000 homes and apartments in California. Managing Partner at Tittmann Weix, an insurance law firm that advises on a wide range of claims, Raymond Tittmann, joins to tell us why State Farm cancelled those policies in the first place. He explains how much harder it makes it for people to get a new policy from another insurer once their policy is cancelled. Tittmann shares whether homeowners insurance in California covers damage from wildfires or whether homeowners are required to get a separate policy like in the case of flood insurance. He fills us in on what else people should know. ------------ EWTN News Nightly provides the latest news and analysis from a Catholic perspective. Join host Tracy Sabol, our Capitol Hill, White House and Rome Correspondents, as well as many other diverse guests daily, to get the latest from the U.S. and the Vatican on topics regarding our Catholic faith and interests. ------------- EWTN News Nightly airs on EWTN weekdays at 6pm & 9pm ET. ------------ Don't miss an episode of EWTN New Nightly. Get updates here: https://www.ewtn.com/tv/shows/ewtn-news-nightly ------------- Sign up today to receive the EWTN News Nightly newsletter: https://www.ewtn.com/enn ------------- Follow EWTN News Nightly on Social Media: Facebook: https://www.facebook.com/ewtnnewsnightly Twitter: https://twitter.com/EWTNNewsNightly Instagram: https://www.instagram.com/ewtnnewsnightly/ ------------- Subscribe to EWTN YouTube channel here: https://www.youtube.com/user/EWTN ------------- You can support the EWTN News mission: https://bit.ly/3qDR1qf
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