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☆ I'm an American mom living in Ireland. The cost of college in the US is extortionate.
▼ + stars: | 2024-05-14 | by ( Lauren Crosmedlicott | ) www.businessinsider.com time to read: +4 min

When I moved to Northern Ireland from Ohio to marry my husband 24 years ago, I hadn't expected that raising children here would be as different as it has been. Healthcare is cheaper in IrelandIt is a lot more expensive to raise kids in the US than it is in Northern Ireland. In Northern Ireland, nearly every school has a uniform policy. Kids in Northern Ireland are thinking about it from the age of 14. AdvertisementCollege is cheaperMy oldest son is getting ready to go to university at one of the most prestigious universities for engineering in Northern Ireland.

Persons: —, Jennifer Cairns Organizations: Service, US, Business, Healthcare Locations: Northern Ireland, Ohio, Ireland, America

☆ As Insurers Around the U.S. Bleed Cash From Climate Shocks, Homeowners Lose
▼ + stars: | 2024-05-13 | by ( Christopher Flavelle | Mira Rojanasakul | ) www.nytimes.com time to read: +28 min

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Persons: Dave Langston’s, Langston, ”, Dave, Linda Langston, Conn ., S.D, N.M, “, Dave Jones, Carolyn Kousky, “ It’s, Sridhar Manyem, Bill Montgomery, Kristin Heiges, Eldon Neighbor, That’s, Tom O’Meara, Kelsey Kremer, Reinsurers, Doug Ommen, Brandi Mace Storm, David Storm, Tim Kuehner’s, Brandi Mace Storm’s, haggling, Pekin, Mace Storm, Susan Crisler, Tim Kuehner, Tony J, Larson, Chesleigh Fowler, Kelley Erstine, Mr, Erstine, ” Kevin Walters, California Colorado Utah Washington Matt Child, Matthew Baker, Ariz, ” Mr, Baker, Amy Bach, United, Dave Langston, Ommen, Tim Zawacki, Lyndsey Layton, Douglas Alteen, Claire O'Neill, Matt McCann Organizations: IOWA MINNESOTA SOUTH, COLORADO ARKANSAS, NEBRASKA COLORADO, SOUTH, New York Times, Ark . Iowa Ariz, Minn, La . Iowa Iowa Neb, Neb . Texas Idaho Ga, ND Iowa, S.D . Miss, Wash . Ohio Utah Wis, University of California Berkeley, Treasury Department, Environmental Defense Fund, State, NOAA, Celina Insurance, Secura Insurance, Secura, Homeowners, Swiss, Des Moines Register, Associated, “, Iowa, Iowa Minnesota Wisconsin, Pekin Insurance, Pekin, Christensen Group Insurance, Travelers, Nationwide, Indiana Ohio Michigan Illinois, . Arkansas Kentucky Florida Tennessee, Tennessee Department of Commerce and Insurance, ”, Washington, Wildfire, California Colorado, California Colorado Utah Washington, P Global Market Intelligence Locations: Iowa, IOWA MINNESOTA, IOWA MINNESOTA SOUTH DAKOTA NEBRASKA, COLORADO, COLORADO ARKANSAS KENTUCKY ILLINOIS, IOWA MINNESOTA SOUTH DAKOTA, NEBRASKA COLORADO ARKANSAS, KENTUCKY ILLINOIS, SOUTH DAKOTA NEBRASKA, COLORADO ARKANSAS, Iowa , Minnesota, South Dakota , Nebraska , Colorado , Arkansas , Kentucky, Illinois, Cedar Rapids, Cedar Rapids , Iowa, Marshalltown , Iowa, Florida , California, Louisiana, Iowa , Arkansas , Ohio, Utah, Washington, Colo, Mass, Colo . Calif, Calif, Colo . Ala, Colo ., Mont, Fla, Ark . Iowa, Colo . Ill, S.D, N.D, Conn, Del . Idaho Fla, Miss, Neb ., Ky, Ga, Hawaii Mont, N.M . Iowa Fla, Mont ., La . Iowa, Neb . Texas Idaho, ND, Md, Ill, Wyo, Ill . Idaho, . Ill, Minn, Ind, S.D . Vt, La . Texas Mont, Neb . NC, Neb . Mich, N.M, S.D ., Va . Ore . Ohio Mo . Texas, Tenn, Wash . Ohio Utah, Okla, Tenn . Utah, Wis, S.D . Va . Ore . Ohio Mo . Texas, California, American, U.S, Pennsylvania, Arizona, Wisconsin, United States, Marshalltown, Iowa Minnesota, Iowa Minnesota Wisconsin South Dakota, Celina, Pekin, Des Moines, Minnesota, Illinois , Indiana , Ohio, Illinois , Indiana, Michigan, Arkansas, Kentucky, Tennessee, . Arkansas Kentucky Florida, Georgia , Kentucky, Mississippi, Washington State, California Colorado Utah, Salt Lake City, Phoenix, Flagstaff, it’s, Gilbert, Seattle, Colorado, Florida’s, Central City , Iowa, Georgia

Where to buy glasses online using insurance FAQsWhat is FSA/HSA? A FSA, or flexible spending account, is an account provided by your employer in order to save on taxes and pay for qualified expenses. An HSA, or health savings account, is a type of flexible spending account geared towards qualified medical expenses. By enrolling in a High Deductible Health Plan and opening an HSA, your monthly insurance premium is usually lower, while tax exempt dollars from your HSA pay for higher deductibles, copayments, coinsurance, and other health-related costs. When ordering glasses online, you'll be prompted for your PD, or pupillary distance.

Persons: Read, you'll Organizations: IRS

☆ The growing reason people can't afford to own a home
▼ + stars: | 2024-04-20 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

Rising insurance costs could keep homeownership out of reach for many. AdvertisementAdding to that, as the climate crisis escalates, it's likely homeowners insurance will only become more expensive. The climate crisis is causing homeowners' insurance costs to riseThe average American homeowner pays $1,915 a year in insurance costs — about $160 a month — per NerdWallet. For instance, insurance rates increase in states with more severe natural disasters. Have you chosen to rent or move because of homeownership costs?

Persons: Laura Longero, Zers Organizations: Service, Business, Federal Reserve, Insurance, Farm, Allstate, Casualty Insurance, US Bureau of Labor Statistics Locations: Oklahoma, California, California , Florida, Texas, Florida

Health insurance, life insurance, auto insurance, disability insurance, homeowners insurance, and renters insurance all require the policyholder to pay a premium to continue receiving coverage. The types of insurance policy premiums include car, life, health, homeowners, renters, and disability insurance. Life insurance premiumsAs previously mentioned, term life insurance premiums are locked in when the policy is signed. Another factor that goes into homeowners insurance premiums is your insurance score, which you do have some control over. Insurance premiums frequently asked questionsHow often do I have to pay insurance premiums?

Persons: policyholders, you'll, they're, Policygenius Organizations: Health Locations: New York, California

A few months ago I was helping my mom revisit her homeowners insurance to see if she should add an earthquake insurance policy. Dahl explains that homeowners insurance and earthquake insurance are two completely different policies. The California Earthquake Authority, which provides most of the earthquake insurance policies where I live, has deductibles starting at 5%. So if your home is insured for $500,000 under your earthquake insurance policy, it should also be insured for $500,000 for your homeowners insurance. Earthquake insurance includes some exceptionsWhile earthquake insurance technically includes most damage and destruction to your home in the case of a ground tremor, there are some exceptions, such as a fire.

Persons: Seok Dahl, Dahl, I'd Organizations: Business, FEMA, Farmers, California Earthquake Authority Locations: Los Angeles, California

☆ Gen Zers and millennials are skipping the doctor's office because they can't afford the bills
▼ + stars: | 2024-04-04 | by ( Allie Kelly | ) www.businessinsider.com time to read: +4 min

She has health insurance, but couldn't afford to pay the $1,800 cost of her insulin pump prescription, she said. And, Gen Zers reported avoiding medical appointments at more than twice the rate of boomers. Over a quarter of Gen Zers and millennials, however, say they do not have sufficient coverage to meet their needs, per the report. Because Gen Zers and some millennials are newer to the workforce, many of them are working these entry-level roles. Eight in 10 Gen Zers also said they are stressed on a daily basis — more than other generations, the report found.

Persons: —, Zers, Grace Cochran, Cochran, millennials, Gen Xers, Gen Zers, aren't Organizations: Service, Wakefield Research, Federal

☆ Pet insurance didn't feel worth it—until my cat needed a $3,000 surgery
▼ + stars: | 2024-03-30 | by ( Mike Winters | ) www.cnbc.com time to read: +7 min

My wife and I never gave pet insurance much thought, until our cat Wally needed a $3,000 surgery. My wife and I never gave pet insurance much thought — until we were told our cat Wally needed surgery that would cost nearly $3,000. Apparently, we weren't alone in that thinking, as only about 25% of pet owners have pet insurance, according to a recent NerdWallet survey. What you get with pet insuranceTypically, pet insurance covers accidents, illness and wellness, which pays for routine care like annual exams. How to know whether pet insurance is right for youFinancial planners who spoke with CNBC Make It were divided on whether pet insurance is worth the cost.

Persons: Wally, Mike Winters, periodontitis, there's, Rikin Shah, Carol Fabbri, — Organizations: CNBC, Insurance Locations: Denver

☆ Car insurance rates are at a 50-year high. Here's 3 ways you can keep your costs low, according to an expert
▼ + stars: | 2024-03-27 | by ( Allie Kelly | ) www.businessinsider.com time to read: +6 min

American car insurance rates have reached a 50-year high, outpacing inflation. "All of these work together to create a situation where car insurance is a lot more expensive," she said. Additionally, the state drivers live in — and the local impact of the climate crisis — has a significant effect on car insurance rates. According to personal finance company NerdWallet, full coverage car insurance premiums nearly double if a driver is at fault for a crash. Car insurance rates are higher for families with teenagers, with rates going up 70% to 150% once someone under 18 is added to a family car insurance policy.

Persons: Laura Longero, Longero, What's Organizations: Service, Insurance, US Bureau of Labor Statistics, . Insurance, US Department of Transportation Locations: —

☆ A W-2 employee who used real estate to reduce federal taxes on his $300,000 salary by 99% explains how to pick the right property to qualify for the tax loophole and maximize deductions
▼ + stars: | 2024-03-02 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

By then, he had sold his short-term rental property for a profit, but he still owned other long-term rentals. Therefore, they used the real-estate professional status and bonus depreciation to reduce their taxable income. The main one is through the short-term rental tax loophole (STR loophole). For example, Eileen pointed to Henderson, Nevada, which won't allow a short-term rental permit for a house if there is a permit for an existing short-term rental within 1,000 feet. Deductions would cancel out the taxes owed from the property's revenue, and what is left will reduce your W2 taxable income.

Persons: Michael Hyun, Joshua, Hyun, Eileen Kim, Eileen's, Michael, Brandon Ford, Eileen, Ford, Michael said, you'll Organizations: Business, CPA, IRS, Tax Relief, American Families and Workers Locations: Joshua Tree , California, New York City, San Francisco, Santa Monica , California, Henderson , Nevada, San Jose , California, Alameda County

☆ A former US surgeon general says he went to the ER for dehydration and ended up with a $5,000 bill. He called the healthcare system 'broken.'
▼ + stars: | 2024-02-27 | by ( ) www.businessinsider.com time to read: +5 min

A former US surgeon general just got a taste of what frustrates countless Americans: a massive medical bill. AdvertisementAdams said his experience highlighted the exorbitant cost of medical care in the US and the lack of price transparency. AdvertisementIt's unclear why Adams' bill was so high since he said he hadn't received a breakdown of the charges. High-deductible plans have become more common as employers have shifted the cost of medical care to their workers. AdvertisementThe ER visit isn't Adams' first brush with an unexpected bill, and he fears it won't be the last.

Persons: Jerome Adams, Adams, Mayo Clinic didn't, Joe doesn't, hadn't, isn't Adams, That's, I've Organizations: Service, Mayo Clinic, Business, Kaiser Family Foundation, Peterson, Healthcare, Research, Mayo Locations: Scottsdale , Arizona

☆ A W-2 employee explains how he used real estate to reduce federal taxes on his $300,000 salary by 99% — plus a 2-step process to qualify for the deductible
▼ + stars: | 2024-02-17 | by ( Laila Maidan | ) www.businessinsider.com time to read: +9 min

Not everyone qualifies for bonus depreciation deductions by default. “Any property could qualify for accelerated and bonus depreciation,” said Brandon Ford, a CPA and finance director at C3, a real-estate investment firm. Determining the deductibleOnce you qualify for the deduction, you must determine how much you can claim from bonus depreciation. To determine what Michael could deduct, he reviewed his property tax statement, a publicly available record on the county website. In order to qualify for bonus depreciation, he ordered a cost segregation study, which is a third-party service similar to an appraisal.

Persons: Michael Hyun, Eileen, Michael, what’s, ”, Eileen’s, Brandon Ford, Michael said, Ford, ” Ford, Hyun, —, That's Organizations: Business, Bay Area, IRS, CPA Locations: California, Bay, Alameda County

☆ 'How much am I willing to change my lifestyle?'—and 4 other money questions to ask yourself before having kids
▼ + stars: | 2024-01-31 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +3 min

Her mix of expertise in money and health give her unique insight into the financial stressors that come with having a baby. Here are five questions she says every person should ask themselves before deciding to have children. The average cost of a vaginal birth in a hospital without health insurance is $13,024, according to data from ValuePenguin. With health insurance, having a baby in a hospital could cost up to $8,224, depending on what type of insurance you have. "If you love to travel, now you'll have to bring extra people along and it's a lot of money," McClanahan says.

Persons: Carolyn McClanahan, McClanahan, you'll Organizations: Planning Partners, OB

☆ One in six Black men will be diagnosed with prostate cancer in their lifetime. Early detection is key to saving lives
▼ + stars: | 2024-01-26 | by ( Nicquel Terry Ellis | ) edition.cnn.com time to read: +5 min

“That was really scary to hear.”One in six Black men will develop prostate cancer in their lifetime, according to the advocacy organization ZERO Prostate Cancer. The rate of prostate cancer among Black men has been underscored in recent weeks as Dexter King, the youngest son of the Rev. And in December, US Defense Secretary Lloyd Austin underwent a prostatectomy to treat prostate cancer that was discovered that same month. Bugler said ZERO Prostate Cancer recommends that Black men start talking to their doctors about the risks and benefits of prostate cancer screening at the age of 40. He blames toxic masculinity and stubbornness, which he said can also play a role in preventing Black men from getting screened for prostate cancer.

Persons: Nate Battle, doctor’s, “, ‘, ”, Dexter King, Martin Luther King Jr, Lloyd Austin, aren’t, it’s, Otis Brawley, ” Brawley, Brawley, Johns Hopkins, ” Courtney Bugler, Bugler Organizations: CNN, Prostate Cancer, Research, American Cancer Society, US, Johns Hopkins University, Baltimore and, ZERO Prostate, Cancer Locations: Black, barbershops, Baltimore, Baltimore and Washington

Working part-time, she couldn't afford the hundreds of dollars she would need for an abortion and had to turn to a trusted friend to help cover the costs. New Jersey and nine other states require health insurers to cover abortion services, but it is the only state among that group that doesn't bar out-of-pocket costs, according to KFF, a nonprofit that researches health care issues. A medication abortion typically costs $600-$800, while a surgical procedure could cost up to $2,000, according to Planned Parenthood. It also coincides with a yearslong effort to expand abortion services in the state, as Democratic officials sought to blunt the impact of the Supreme Court's overturning of Roe. New Jersey has already enshrined abortion rights as law, increased funding for abortion services and required regulated health insurance plans to cover the procedure.

Persons: Dawn Ericksen, “, ”, ’, Phil Murphy, Roe, Wade, Murphy, Kaitlyn Wojtowicz, ” Murphy, Teresa Ruiz, it's, ” Ruiz, John DiMaio, Sen, Declan O'Scanlon Organizations: New Jersey's Democratic, Democratic, Supreme, Legislative Republicans Locations: TRENTON, N.J, New Jersey, U.S, . New Jersey, Roe . New Jersey, . California, Jersey

☆ Ansel, a health insurance startup that wants to upend the claims industry, just raised $20 million using this 12-slide pitch deck
▼ + stars: | 2024-01-23 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Read previewHealth insurance startup Ansel has raised $20 million in new funding. Founded in 2019, Ansel is a platform that provides supplemental health insurance via carriers across 48 US states. This story is available exclusively to Business Insider subscribers. Advertisement"We're focused on making health hardships not become financial burdens," Veer Gidwaney, founder and CEO of Ansel, told Business Insider. The new capital will go towards expanding the company's partnerships with leading insurance providers, developing its tech platform, and scaling its marketing and distribution.

Persons: —, Ansel, Veer Gidwaney, Gidwaney Organizations: Service, Business, Gallup, Nationwide, Portage, Sigma Ventures, Brewer Lane Ventures, SixThirty Ventures Locations: New York City

New rules announced Friday by the federal agency in charge of emergency management aim to simplify and speed up the process. With natural disasters now affecting more people across the United States, insurance markets in many states are buckling under the weight of payouts to those hit by wildfires and hurricanes. Previously, FEMA couldn't help them because their insurance payout already exceeded the agency's assistance cap of $42,500 per disaster. GETTING RID OF THE LOAN RULEUnder previous rules, disaster survivors first had to apply for a loan with the Small Business Administration and get rejected before they could apply for FEMA assistance. And FEMA is creating a new category of aid called displacement assistance, designed to help those who can't return to their home.

Persons: —, Deanne Criswell, Nature, ” Criswell, ”, Criswell, deductibles Organizations: WASHINGTON, Federal Emergency Management Agency, FEMA, Small Business Administration, SBA, https Locations: United States, Louisiana, Florida, California

☆ We're Gen Xers who left California to live in Spain. Now we work only 20 hours a week and save thousands every month.
▼ + stars: | 2023-11-22 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

Jason Luban, 53, and Selena Medlen, 45, left Oakland, California, for Ronda, Spain, in 2016. They were tired of the Bay Area's cost, and found a cheaper and more meaningful life in Spain. Luban cycling in Ronda, Spain. The cost of food and going out is about 25% of what it would be had we stayed in California. Medlen: One of the bigger benefits for us is that we have more because of the lower cost of living.

Persons: Jason Luban, Selena Medlen, —, Jason Luban Medlen, Medlen, It's, Jason Luban Luban, We've, We're, Luban Organizations: Service Locations: Oakland , California, Ronda, Spain, California, Bay, Seville, Granada, Ronda's, Oakland, Luban, Europe, United States

☆ HSAs are a 'powerful, yet underutilized' financial tool, says CFP—how to take advantage during open enrollment
▼ + stars: | 2023-11-20 | by ( Ryan Ermey | ) www.cnbc.com time to read: +4 min

But as you're considering your options, financial advisors would like to make sure that you're taking one crucial financial tool into account. If your employer offers a high-deductible health plan (those with deductibles of at least $1,500 for individuals or $3,000 for families), those who enroll in it gain access to a health savings account. Some 81% of accountholders keep HSA money in cash, according to a recent survey from the Plan Sponsor Council of America. "This feature positions HSAs not just as a tool for current medical expenses, but as a strategic component in long-term financial planning." Under this convention, you'd pay for medical expenses out of pocket in the short-term in order to reap the benefits of long-term compounding growth.

Persons: Sean Lovison, HSAs, whatever's, Michelle Fait, you've Organizations: of America, Investments, Fidelity, Satori Financial Locations: Moorestown , New Jersey, Seattle , Washington

An upswing in the use of GLP-1 drugs has had a notable impact on the higher growth of pharmacy benefit costs under such health insurance plans, Mercer said. GLP-1 drugs, which work by suppressing hunger and making a person feel full longer, are typically priced around $1,000 per patient per month. While employers cover the use of GLP-1 drugs as a treatment for diabetes, the debate around providing coverage for them as an obesity treatment lingers. "It may take another couple of years for price increases stemming from higher healthcare sector wages and medical supply costs to be felt across all health plans." Despite rising health-plan costs, large employers have avoided shifting additional costs to employees through higher deductibles, co-pays, or out-of-pocket maximums in 2023.

Persons: Victoria Klesty, Mercer, Health Actuary, Sunit Patel, Eli Lilly's, Patel, Beth Umland, Khushi Mandowara, Leroy Leo, Pooja Desai Organizations: REUTERS, U.S . Food, Drug, Health, Reuters, Novo Nordisk's, Mercer, Thomson Locations: Oslo, Norway, August31, Victoria, United States, Bengaluru

☆ It's open enrollment season for health coverage. If you're self-employed, you can't afford to ignore it
▼ + stars: | 2023-11-13 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +6 min

Picking health insurance on your own — without the help of a human resources department — can be daunting. Instead of throwing up your hands in frustration, here are answers to questions self-employed individuals often have about open enrollment. Doing nothing will mean they are automatically reenrolled in last year's marketplace plan. How much health insurance costs the self-employed Cost will vary, depending on the plan you choose, who is covered and what subsidies you're eligible for. If you want more specific help, you can also choose to work with an agent or broker who is trained and certified to sell marketplace health plans in the state they are licensed.

Persons: Anthony Lopez, Alexa Irish, Laura Speyer, enrollees, Lopez, You'll Organizations: Getty, Centers, Medicare, Medicaid Services, U.S . Department of Health, Human Services, deductibles, state's Department of Insurance Locations: trepidation, eHealth

☆ Weight-loss drugs just got cheaper — and better
▼ + stars: | 2023-11-11 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +7 min

Eli Lilly just debuted its powerful new weight-loss drug, Zepbound. Normally, when newer, better drugs are introduced, they match the price of similar drugs already available or come at a premium . Eli Lilly and Novo Nordisk have said that about 50 million people have some level of insurance coverage for weight-loss drugs. But some experts were skeptical, because employers and insurers don't typically pay the list price for drugs. Craig Garthwaite, an economist at Northwestern University, argued competition will drive the net prices of weight-loss drugs lower still.

Persons: Eli Lilly, —, Wegovy, LLY, It's, Mike Mason, coinsurance, Antonio Ciaccia, Crystal, We're, David Risinger, Dave Ricks, David Ricks, Eli Lilly's Mason, Mason, Craig Garthwaite, Garthwaite Organizations: Service, pharma, Nordisk's Wegovy, Ozempic, Deutsche Bank, 46brooklyn Research, Crystal Cox, Novo Nordisk, Zepbound, Wegovy, American Enterprise Institute, Northwestern University Locations: Mounjaro

Thanksgiving is the peak day for home cooking fires, with more than three times the daily average of incidents. Thanksgiving is the most fire-prone day of the year and the peak day for home cooking fires, according to the National Fire Protection Association. There are more home fires on Thanksgiving than any other day of the year, with more than three times the daily average. Unattended cooking was by far the leading contributing factor in cooking fires and fire deaths. Thanksgiving fire safety tips:The NFPA shares the following tips to reduce the chances of a fire over the Thanksgiving holiday:1.

Persons: —, you'll Organizations: Service, National Fire Protection, NFPA Locations: Turkey

☆ Here are some key open enrollment tips and strategies for employees
▼ + stars: | 2023-11-07 | by ( Annie Nova | ) www.cnbc.com time to read: +9 min

Jimvallee | Istock | Getty ImagesOpen-enrollment workplace checklist ✔ Health insurance ✔ Savings and spending accounts ✔ Dental and vision plans ✔ Life insurance ✔ Disability insurance ✔ Retirement savings ✔ Beneficiary selection1. If your spouse has their own health insurance option at work, you'll want to both sit down and compare the different offerings. Many employees will notice that the health insurance plans offered by their company don't include dental and vision coverage. Consider life, disability insuranceDuring open enrollment, employees will typically also be presented with different disability and life insurance options. Short-term disability coverage is very limited, she said: "Everyone needs long-term disability coverage unless they have enough savings that they could basically retire if they can't work anymore."

Persons: Caitlin Donovan, Gruber, Jean Abraham, Warby Parker, Pat Greenhouse, Abraham, Donovan, you'll, Jonathan Gruber, Louise Norris, Norris, Carolyn McClanahan, McClanahan, Ryan Viktorin, Viktorin Organizations: Istock, Getty, Savings, Patient Advocate, University of Minnesota, Harvard, Boston Globe, Massachusetts Institute of Technology, IRS, Healthinsurance.org, Planning Partners, CNBC's, Pew Research Center, Partners, Fidelity Investments Locations: Cambridge , Massachusetts, Jacksonville , Florida

SAN FRANCISCO (AP) — Heidi Lange was among the first to rebuild after the deadliest wildfire in California history destroyed her home in 2018 along with much of the town of Paradise. Residents have received annual premiums that near or exceed $10,000 — leaving many to wonder how they're supposed to rebuild their hard-hit community when insurance is so shockingly high for houses in an area that is supposed to be among the most affordable in California. Seven of the 12 top home-insurers in California — including Farmers Insurance, State Farm, Allstate — have paused or restricted new business in California, saying they can’t afford to take on new clients. Carl Johnsen, a retired drywall contractor, has lived in the same house since 1979, when he moved to Paradise. The Robinsons are paying $4,500 through the California Fair Access to Insurance Requirements Plan, and $750 with another insurer for supplemental liability coverage.

Persons: — Heidi Lange, “, ”, Ricardo Lara, Michael Soller, Rex Frazier, Carl Johnsen, Johnsen doesn’t, Gene Robinson, Robinson, Lara, Soller, Kathy Ehrhart, ” Lange Organizations: FRANCISCO, Fire, Farmers Insurance, State Farm, Allstate, California’s, Insurance Department, Paradise . Farmers Insurance, Farmers, “, Personal Insurance Federation of, Robinsons, FAIR Locations: California, Paradise, Personal Insurance Federation of California, Louisiana , Texas, Florida, Chicago

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