Some good history on the California insurance and it's problems. Started a long time ago as a public vote.
https://www.npr.org/sections/planet-money/2025/01/23/g-s1-44265/california-wildfire-homes-insurance-prices-crisis
"Last year, seeing insurers fleeing their state — and perhaps seeing the studies by Wallace and others — California regulators came to the conclusion that the state's insurance regulations were unworkable. California's insurance commissioner, supported by Governor Gavin Newsom, ended the ban on using forward-looking catastrophe models for setting premiums, giving the green light to the insurance industry to start actually trying to price in the rising risk and cost of wildfires. As part of this deal, insurers have agreed to underwrite more policies in fire-prone areas. Those changes took effect mere weeks ago, just before the outbreak of fires around Los Angeles."