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
Wildfires can destroy hundreds of homes within hours.PH2(AW/SW) Michael J. Pusnik, Jr / Navy Visual News Service / AFP via Getty ImagesWhen 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...

