US Politics
The Firewall of Last Resort: Government's Role in California's Burnt-Out Insurance Market
Several candidates for California Insurance Commissioner propose addressing the state's property insurance crisis by significantly expanding the state's financial role through mechanisms like a public wildfire authority, a state-run reinsurance program, or even a public insurer to replace private companies. This push for a government backstop is a stark admission that the private market is failing Californians, threatening the very freedom of secure homeownership and demanding a bold, principled defense of the common good against corporate and climate-driven instability.
