Concerned about wildfire risk and frustrated by state regulations, insurers in California have reduced their homeowner business. Affluent homeowners are now feeling the brunt of the pain, as two of the largest companies providing protection for multimillion-dollar properties discontinue coverage for some customers. American International Group Inc. (AIG) percent will begin notifying approximately 9,000 customers… Continue reading AIG and Chubb Cutting Back on Insuring Multimillion-Dollar Homes in Wildfire-Prone Areas in California
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