California's homeowners insurance crisis is growing and spreading to car insurance

Описание к видео California's homeowners insurance crisis is growing and spreading to car insurance

“I’m worried for my business, I’m worried for my clients, I’m worried for me, I’m worried for my employees."

Some insurance carriers have stopped writing new homeowner policies in California. The most recent are the largest so far: Allstate and State Farm. And now the problem is leaking into the car insurance market.

Reporter Kitty Alvarado has the story.

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