N.J. policy holders may feel ripple effects of California insurance troubles, official says

Name: N.J. policy holders may feel ripple effects of California insurance troubles, official says
Uploaded: 2025-01-10T22:28:00-0500
Duration: 2 min 29 s
Description: The California fires are highlighting a serious issue across the nation as insurance carriers drop coverage or decide not to renew policies based on risk. New data indicates non-renewal rates are being driven by an increase in climate-related weather disasters, and some say that could have a ripple effect in the Tri-State Area. CBS News New York's Christine Sloan reports.

The California fires are highlighting a serious issue across the nation as insurance carriers drop coverage or decide not to renew policies based on risk. New data indicates non-renewal rates are being driven by an increase in climate-related weather disasters, and some say that could have a ripple effect in the Tri-State Area. CBS News New York's Christine Sloan reports.