# Wildfires push California homeowner insurance rates higher

https://mins.news/en/item/112079

- CGTN, 2026-10-22 22:35 UTC
- Economy
- Original: https://newsus.cgtn.com/news/2026-10-23/Wildfires-drive-up-California-homeowner-insurance-price-hikes-1RsSRuRnqYU/p.html?UTM_Source=cgtn&UTM_Medium=rss&UTM_Campaign=World

> California’s insurer of last resort is raising rates by an average of nearly 30%, adding to homeowners’ financial strain. The increase comes as wildfires continue to threaten communities and a new climate report warns that conditions are likely to become more dangerous.