HERITAGE INSURANCE

Insurance companies in California are raising rates and dropping customers because of climate-related disasters. State Farm, the state's largest insurer, has already increased rates by an average of 17% for homeowners, 15% for renters and condo owners, and 38% for apartment owners. They are also see

Insurance companies face a tough job. They need to manage risk and make smart investments. This is especially true when dealing with uncertain events that can affect multiple types of insurance. Imagine an insurance company that can buy reinsurance to spread out risk. This reinsurance cost is based