It’s ‘All Hands on Deck’ in California as Wildfire-Prone State Combats Insurance Exodus

Insurance giants have been fleeing the state, but they indicate that a plan to overhaul decades-old regulations could bring them back to the Golden State.

AP/Noah Berger
A motorists on Highway 101 watches flames from the Thomas Fire leap above the roadway north of Ventura, California. AP/Noah Berger

Wildfires, inflation, outdated regulations: this combination of risks is what insurers cite as they flock out of California — yet the state is on the cusp of its biggest insurance regulatory reform in decades, which insurers are signaling could lead to their return.

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