California's insurance market is under increasing pressure due to the rising frequency and severity of wildfires.

California's insurance market is under increasing pressure due to the rising frequency and severity of wildfires. The state has introduced reforms aimed at stabilizing the market, including forward-looking catastrophe models and allowing insurers to factor reinsurance costs into premiums. The FAIR Plan, while providing critical coverage, faces financial challenges, and policymakers are exploring legislative changes to ensure its sustainability. Efforts to mitigate wildfire risks and protect consumers from exploitation are also ongoing. https://gaekkul.blogspot.com/2025/01/california-insurance-crisis-wildfire.html