California Insurance Crisis for Fire Victims

California officials are investigating the insurance crisis among victims of the Palisades and Eaton Fires, where many homeowners were underinsured. The focus is on insurance companies leaving the state, homeowners not having enough coverage, and State Farm allegedly lowballing policyholders. Hearings are planned to discuss solutions to underinsurance among wildfire survivors.

Florida Housing Market

Florida's housing bubble may have burst as prices stagnate, supply surges, and homes take longer to sell, causing sellers to cut asking prices and leading to a buyer's market. The growing insurance crisis in the state is also impacting home purchases.