State Farm: Climate, Inflation, Regs, Squeezing Insurers in California

What will stop development in the wild – urban Interface (WUI) that is so exposed to wildfires? Will it be state regulations, or simply the insurance market abandoning the riskiest areas.

3 thoughts on “State Farm: Climate, Inflation, Regs, Squeezing Insurers in California”


  1. And what will Florida do, given they are in a similar situation? Or will they act like they aren’t and pretend not to notice?


    1. Obviously the insurance issues in Florida are Biden’s fault.

      Seriously, though, with respect to resilience and adaptation: The pols in Florida will do what their donors tell them to do, while they distract their donor base with scary culture war scenarios.


    2. BTW, Florida is probably in a much worse insurance situation with respect to climate change impact than California, which has a large installed base of homes not in a WUI situation.

      Nowadays pretty much all of Florida is at risk from the tropical storms, as shown by the interior Florida flooding from Ian and the extreme rain event that hit Ft. Lauderdale.

      Meanwhile, California’s problems are aggravated by goofy statutory insurance policy and could otherwise pricier but still affordable traditional actuarial-based insurance in many older towns and neighborhoods.

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