Source: Reason
by JD Tuccille
“According to a recent news story, California’s raging home insurance woes are a result of climate change. That’s certainly true if the climate we’re talking about is the state’s regulatory climate. Like many of California’s problems, the insurance crisis is a self-inflicted wound — in this case, one suffered when residents and regulators turned a once-competitive market for insurance into a command economy in which insurers are increasingly unwilling to operate. Fortunately, the market for home insurance can be improved if Californians are willing to address their (regulatory) climate problems.” (05/21/25)
https://reason.com/2025/05/21/how-to-fix-californias-self-inflicted-homeowners-insurance-crisis/