k-12 Tax & $pending Climate: Homeowner Insurance Costs
Insurance is the foundation of homeownership and the economy, but California leaders have dilly-dallied in the face of a long-running crisis
The American Spectator might not be at the top of Gov. Gavin Newsom’s reading list, but had it been, he would have known that California’s teetering insurance system was just one particularly bad wildfire away from disaster. Sure, he knew that insurers were fleeing the state in the face of its absurd price-control system that doesn’t allow them to price policies to reflect their actual risk, but that knowledge didn’t spur him to make the matter a priority.
In September 2023, I wrote the following on these pages after lawmakers decided to punt on insurance reform rather than take on their anti-corporate allies:
