California’s Escalating Flood Insurance Crisis California is facing another significant challenge in the property insurance sector, this time concerning flood insurance. American National Property and Casualty Company, one of the major insurers, has announced plans to withdraw flood insurance coverage starting in early 2025. This decision will initially impact 271 customers, leaving many homeowners urgently searching for alternative coverage. This development is part of a broader trend in the state, where escalating wildfire and flood risks are prompting insurers to reassess their exposure levels in various regions. Some High Risk…
Read MoreNavigating California’s Flood Insurance Crisis: What Homeowners Must Know
