Companies started pulling back from the state as earlier fires made it harder to turn a profit. Experts warn the exodus could grow.

I’ll note that a large chunk of the burned properties depend on the state-run FAIR plan, which provides much weaker coverage (eg: not replacement cost) than private insurers. The FAIR plan also has limited reserves, which it will replenish by issuing an assessment on commercial insurers and their policyholders.

  • @RedditWanderer
    9•1 day ago

    See also, banks, airlines, pharma and most tech giants.