This podcast episode delves into the challenges homeowners in California face due to wildfires. Insurance companies are withdrawing from the state or refusing to renew policies because of rising losses from increasingly severe and frequent wildfires, compounded by higher rebuilding costs and inflation. California's strict regulations on insurance pricing, such as requiring approval for premium increases, make it difficult for insurers to remain profitable. This leads to limited options for homeowners, who may struggle to find affordable coverage, highlighting the urgent need for solutions that protect homeowners and ensure the sustainability of the insurance industry.