The property insurance crisis is hitting Nevada. At least it’s starting to.
Insurance companies are increasingly declining to write new policies and renew existing ones in high-risk areas, Nevada Insurance Commissioner Scott Kipper said at a packed town hall-style meeting Friday to discuss how wildfires are affecting the availability and cost of property coverage.
The pullback is sharpest northern Nevada and the Tahoe Basin — a heavily forested and wildfire-prone region that stretches into California.
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“Many Nevadans have been impacted [by] the problems of access and affordability,” Kipper told more than 100 online participants and dozens of attendees at a meeting near the state capital Carson City.
