California’s Evolving Insurance Market: Is Relief on the Horizon?

California's home insurance market is struggling, with Farmers Insurance raising its policy cap, suggesting potential improvement. However, many insurers have scaled back or left, causing an availability crisis due to rising wildfire risks and regulatory issues. Reforms are in progress, but homeowners remain at risk until more insurers return. Technological advancements in risk assessment and public-private collaboration are crucial for long-term stability.