MoneywiseSun, Jun 29, 2025, 6:12 PM 5 min readAnna Moneymaker/Getty ImagesMoneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.Months after wildfires in California displaced thousands of residents and spurred a massive housing crisis in Los Angeles County, the ongoing impact points to a larger — and unquestionably disturbing — trend.As extreme weather events increase in both frequency and severity, a growing number of insurers are pulling out of disaster-prone regions. That could make homeownership even less attainable in the future.Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's howI'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 4 of the easiest ways you can catch up (and fast)You don’t have to be a millionaire to gain access to this $1B private real estate fund. In fact, you can get started with as little as $10 — here’s howFederal Reserve Chair Jerome Powell recently testified before the Senate Banking Committee and was asked about the availability of mortgages in states like California.His response?“Those banks and insurance companies are pulling out of areas, coastal areas and … areas where there are a lot of fires,” Powell told the committee. “So what that’s going to mean is if you fast-forward 10 or 15 years, there are going to be regions of the country where you can’t get a mortgage.”Climate change-driven foreclosures are estimated to cost insurers $1.21 billion in losses for 2025, according to a report from First Street. This is no surprise, as the National Oceanic and Atmospheric Administration predicts a 60% chance of an above-average hurricane season this year — with three to five major hurricanes forecasted.This is in addition to the challenges caused by the wildfires in California at the start of the year — estimated to have cost insurers and reinsurers $50 billion in collective losses.But with more insurance companies pulling out of disaster-prone states, homeowners’ options for coverage are whittling down.It’s common practice for mortgage lenders to require borrowers to have homeowners' insurance in place before giving out loans. But the requirement to carry homeowners insurance doesn’t end there.You’re typically required to maintain homeowners' insurance while you’re in the process of paying off your mortgage. If your insurance is canceled, your mortgage lender will typically be notified. If you don’t then find replacement insurance, your lender could compel you to use insurance it procures for you, known as force-placed insurance.Condizioni e Informativa sulla privacyPrivacy & Cookie SettingsMore InfoS&P Futures6,248.25 -5.50 (-0.09%)Dow Futures44,359.00 -30.00 (-0.07%)Nasdaq Futures22,875.25 -18.00 (-0.08%)Russell 2000 Futures2,189.40 -2.30 (-0.10%)VIX16.73 +0.41 (+2.51%)Gold3,331.40 +23.70 (+0.72%)PortafoglioEffettua l'accesso per consultare il tuo portafoglioAccediMaggiori rialziNEGG Newegg Commerce, Inc. 16.24 +4.16 (+34.44%)BUR Burford Capital Limited 14.26 +2.57 (+21.98%)MGNI Magnite, Inc. 24.12 +3.02 (+14.31%)HOOD Robinhood Markets, Inc. 93.63 +10.60 (+12.77%)JOBY Joby Aviation, Inc. 10.55 +1.11 (+11.76%)Maggiori ribassiCHE Chemed Corporation 486.93 -72.43 (-12.95%)NXT Nextracker Inc. 54.37 -3.95 (-6.77%)YPF YPF Sociedad Anónima 31.45 -1.88 (-5.64%)BJ BJ's Wholesale Club Holdings, Inc. 107.83 -6.42 (-5.62%)ASTS AST SpaceMobile, Inc. 46.73 -2.63 (-5.33%)I più scambiatiSOFI SoFi Technologies, Inc. 18.21 +1.03 (+6.00%)NVDA NVIDIA Corporation 157.99 +0.24 (+0.15%)NU Nu Holdings Ltd. 13.72 +0.47 (+3.55%)LCID Lucid Group, Inc. 2.1100 -0.0100 (-0.47%)HOOD Robinhood Markets, Inc. 93.63 +10.60 (+12.77%)Eventi relativi agli utiliTicker più popolariHOOD Robinhood Markets, Inc. 93.63 +10.60 (+12.77%)BMNR Bitmine Immersion Technologies, Inc. 33.90 +29.64 (+694.84%)TSLA Tesla, Inc. 317.66 -6.13 (-1.89%)ORCL Oracle Corporation 218.63 +8.39 (+3.99%)AAPL Apple Inc. 205.17 +4.09 (+2.03%)Principali eventi economiciPowered by Money.com - Yahoo may earn commission from the links above.