‘Like being in a firefight’: Los Gatos property owners feel the heat of rising insurance rates

Residents in Los Gatos face uncertainty over wildfire insurance as major insurers like State Farm plan to non-renew thousands of policies due to rising risks and regulatory constraints. Homeowners are increasingly turning to the pricier California FAIR plan for coverage. The situation stems from Proposition 103, which limits rate increases, creating challenges for insurers amid climate change. Local efforts to mitigate fire risks include community brush-clearing initiatives, with hopes that these proactive measures will attract traditional insurers back to the market.