Why are insurers fleeing California?

California home insurers. Last week, State Farm said it would stop selling new insurance policies to homeowners in California as of May 27, citing"historic increases in construction costs outpacing inflation, rapidly growing catastrophe exposure, and a challenging reinsurance market." The decision leaves Californians without one of the largest insurers in the country and the leading provider of homeowners insurance in the state, worsening the problem for residents already struggling to keep up with costly home insurance. Liberty Mutual and Allstate, other prominent homeowners insurance companies, have also left California.

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You can read today's podcast ⁠here⁠, today’s “Under the Radar” story⁠here⁠, and today’s “Have a nice day” story ⁠here⁠. You can read the Vox article we reference in the Listener question here,and you can also check out our latest YouTube video here.

Today’s clickables: Matt Lewis (0:54) Quick hits (2:23), Today’s story (4:25), Left’s take (6:31), Right’s take (10:15),Isaac’s take (14:16),Listener Question (17:22),Under the Radar (19:29),Numbers (20:26),Have a nice day (21:18)

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Our podcast is written by Isaac Saul and edited by Jon Lall. Music for the podcast was produced by Diet 75.

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