Part 1/13:
The State of Insurance in California: Challenges, Reforms, and Market Dynamics
California is currently navigating a complex landscape regarding its insurance industry, heavily impacted by recent catastrophic fires, evolving regulations, and market shifts. Experts in the field shed light on longstanding issues like underinsurance, rising premiums, and the intricacies of rebuilding homes after disasters. This article synthesizes key insights from an in-depth interview with California insurance specialist Rex Frasier, providing a comprehensive overview of where the industry stands and where it might be headed.