There's an increasing number of locations where extreme weather losses are statistically inevitable, and insurers are no longer offering coverage.
https://earth.org/financial-storm-how-escalating-climate-eve...
1/ totally misleading title
2/ the fires in CA drive the outlier
3/ insurance has already largely pulled out of los angeles. For example there are maybe 2 reliable insurers for 2-4 unit landlords in the fourth largest economy in the world (why discuss landlord insurance? same style of building but a higher duty of care)
It's a government caused shortage via price fixing.
Climate change is a really good excuse for insurance companies to raise premiums... people just shrug their shoulders and say "what are you gonna do?", then pay the new premiums.
Some of what insurance companies say may be true, but quite a bit of it is not. Funny how we don't believe health insurance companies but we'll take property insurance companies for their word.
Governments control budgeting and staffing for first responder units, they control training budgets, they control responses. While climate change may be impacting some of these events, they should never spiral into massive total loss events like as-of late.