In California, 87% of residents are concerned that climate change will lead to higher home insurance rates, with 60% indicating they are very concerned, up from 47% last year. The study surveyed 1,736 Californians and revealed that 80% view climate change as a significant threat to the state's future. Concerns about wildfires are prominent, as insurers have dropped many homeowners or significantly raised premium costs. Some have resorted to the California FAIR Plan as a last option. Governor Newsom's policies aim for net-zero emissions by 2045 amidst ongoing climate-related challenges.
A remarkable increase in concern over climate change among Californians has been observed, as 60% report being very concerned about its impact on home insurance rates.
Home insurance remains a serious issue for many, as deadly wildfires have led to insurance companies dropping hundreds of thousands of homeowners, affecting people's ability to secure affordable coverage.
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