Maybe it’s not quite comparable to the situation in California, now that I think about it. Florida has always been in the path of devastating hurricanes for as long as I can remember. There is a degree of assumed risk living there. In California, these massive wildfires almost never happened and now suddenly it happens every year without fail no matter how hard we try to contain them. I live in an area that has never been hit by a wildfire, but because California as a whole has been hit so hard so many times recently, rates get raised to untenable levels and State Farm won’t even write you a policy. It’s completely mad.
Like, I get it, it’s not the insurance company’s fault that we live in the path of predictable destruction, but there has to be a better solution than “move somewhere else if you don’t like it”. I wonder if we can learn something from studying the insurance models of other countries that are prone to disaster (Island nations in Asia that are frequently hit by typhoons, for example) and adapting that to how policies are tailored here?