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Wildfire risk drives 84% spike in California home insurance costs in 5 years, Stanford finds

Wildfire risk drives 84% spike in California home insurance costs in 5 years, Stanford finds
Photo: ABC7 News (KGO-TV, ABC) · view original

A new Stanford study found average home insurance premiums have surged 84% in the past five years, with the biggest impacts in high-risk fire zones. Researchers say more homeowners are being pushed into the state's costly FAIR Plan as insurers pull back coverage.

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