
California Insurance Crisis: Companies Retreating
Insurers are pulling out of California due to climate risk. Homeowner insurance is becoming unaffordable, impacting real estate. State-run plans offer less protection at higher costs.

Insurers are pulling out of California due to climate risk. Homeowner insurance is becoming unaffordable, impacting real estate. State-run plans offer less protection at higher costs.

To comply with the NAR settlement, the organizations can no longer include offers of compensation on their platforms — a change that has made MLSs "somewhat" or "much" less valuable, according to 55% of real estate professionals in an October survey from WAV Group.