California Insurance Crisis

Wildfire disasters are now a fact of life in California; Seven of the ten most destructive fires in California history have occurred in the past decade. Climate Change, an aging electrical grid and expansion of the wildland-urban interface have made catastrophic fire events almost commonplace. The state faces a mounting crisis as insurers leave California, stop issuing new policies or otherwise limit their exposure. What can be done to stabilize California’s insurance industry? More than a dozen