LA wildfire: California’s insurance crisis costing a ton [Video]

NEW YORK –

Lynne Levin-Guzman stood in the front yard of her 90-year-old parents’ home in Los Angeles County, California, trying to protect it with a garden hose — because their insurance company no longer would.

“I know I’m not supposed to be here, but this is my parents’ home and they just lost — they got canceled from their fire insurance. So they’re dealing with this,” she told CNN affiliate KABC. “They’ve lived in this house for 75 years and they’ve had the same insurance and these insurance people decided to cancel their fire insurance.”

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“And they wonder why people leave California,” she added.

Levin-Guzman and her parents’ experience is increasingly common. Between 2020 and 2022, insurance companies declined to renew 2.8 million homeowner policies in the state, according to the most recent …