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Why insurance companies are pulling out of California and Florida, and how to fix some of the underlying problems

  • Written by Melanie Gall, Assistant Professor and Co-Director, Center for Emergency Management and Homeland Security, Watts College, Arizona State University
Why insurance companies are pulling out of California and Florida, and how to fix some of the underlying problemsWildfires can destroy hundreds of homes within hours.PH2(AW/SW) Michael J. Pusnik, Jr / Navy Visual News Service / AFP via Getty Images

When the nation’s No. 1 and No. 4 property and casualty insurance companies – State Farm and Allstate – confirmed that they would stop issuing new home insurance policies in California, it may...

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