Western wildfire could be latest climate disaster to unsettle property insurance market

By: Alex Brown

Outlets: Stateline

Published: August 5, 2026

Words: 1,357

Last Updated: 1 week, 6 days ago

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As Washington state reels from a devastating wildfire that destroyed hundreds of homes in Spokane last weekend, experts say the disaster has cast newfound uncertainty over a property insurance market that had just begun to stabilize.

Across the country, insurance companies have withdrawn coverage or raised premiums in areas threatened by climate-fueled disasters. In some places, such as California, those trends have triggered a full-blown crisis, with private companies abandoning disaster-prone areas and leaving …

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