Homeowners Insurance Crisis: Will California Follow Florida And Louisiana?

Louisiana and Florida area already scrambling to keep their industries alive, but is California next?

As premiums have been rapidly climbing in various parts of the industry in California, experts are starting to wonder if it will be the next state facing a homeowners insurance crisis.

Condominium policy premiums have been climbing particularly fast in the state. A number of state legislators have written to Insurance Commissioner Ricardo Lara in a push to take action to support Californians struggling to find coverage they can afford.

There is a growing concern that California could find itself joining Louisiana and Florida as states struggling with an insurance crisis.