California orders insurers not to drop homeowners in wildfire-prone areas

Sep 21, 2021
With the risk of wildfire rising, it's become harder for some homeowners to find coverage.
A table and chairs remain in front of a Greenville, California, home destroyed by the Dixie Fire. State Insurance Commissioner Ricardo Lara wants insurers to reward residents who mitigate fire risk.
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Why doesn't homeowners insurance cover flood damage?

Sep 16, 2021
Short answer: Flooding cost insurance companies too much money, so the federal government stepped in.
River water floods the front of a home in Lincoln Park, New Jersey, in the wake of Hurricane Ida. Covering flood damage proved to be a money loser for the insurance industry.
Michael M. Santiago via Getty Images