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Podcast: News For Reasonable People
Episode: California's Home Insurance Market Faces New Threat
Description: Devastating mudslides and flooding are likely to become the number one risk for California homeowners in the next 25 years, outgrowing the threat posed by wildfires, according to a new study by CoreLogic.By 2050, the company calculated, homes in Los Angeles, San Diego and San Francisco will have a higher flood risk than wildfire risk, forcing their owners to purchase costly extra insurance to protect their properties and equity.