California Insurance Market: Another Victim of the War on Prices
Ryan Bourne and Sophia Bagley California’s wildfire crisis isn’t just a natural disaster; it’s also a policy failure. In recent years, state price control regulations have driven private home insurance providers like State Farm and Allstate out of offering new products in the state and led to the nonrenewal of thousands of existing home insurance policies. This has left many homeowners exposed to catastrophic financial losses from the recent wildfires and created a huge strain on the state-run […]