California E&S Insurance

Honestly, if journalism was functioning, that might be a good thing. If the news really grasped what it means when an insurance company pulls out of an area like that, it would be a huge story. An insurance company is basically saying, "We've done the numbers, this place is doomed. There's no money to be made here because the doom is imminent in the near term so we'll lose money on extending or offering any policies here." When an insurance company sends something like that, they are saying you should probably leave too. But the news never treats these sorts of things as huge disaster warnings. There's a massive normalcy bias, and it doesn't really sink in what people are hearing and seeing even when it's right in front of them.

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