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As more insurance companies cut back or even abandon their homeowners business in California because of earthquake risks, the state's officials are groping for solutions to prevent an insurance crisis that could derail California's economic recovery. Gov. Pete Wilson and his insurance adviser, Marjorie Burke, have scheduled a meeting on Monday with executives from 18 insurance companies to discuss the problem and the state's role in keeping earthquake insurance available to homeowners. [More]
Tags: homeowners insurance insurance earthquakes