California’s periodic wildfires have become so frequent and damaging that one of the largest auto and home insurance companies will no longer sell policies on new homes due to risk and increased construction costs.
State Farm pulled out of the table for people looking for new California home insurance policies, citing “historic increases in construction costs that outpace inflation, rapidly growing catastrophe exposure and a challenging reinsurance market.” State Farm will no longer offer new business policies, but will continue to sell auto insurance policies for Californians.
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It’s yet another example of California’s self-inflicted weather problems having consequences for residents. The weather-blinded bureaucracy has prevented controlled burns that would help ensure dry brush does not accumulate for mass fires. California Democrats and federal officials, including President Joe Biden, have rejected a focus on fire prevention and forest management, dismissing fires as an inevitable result of climate change.
In other words, it is now in the political interest of Democrats at the state and federal level to ignore effective fire prevention strategies to push people to ditch gas stoves, plastic straws, and gas-powered cars. That irresponsible hysteria in pursuit of an economic agenda masquerading as a climate agenda has hurt Californians the most, first through the fires themselves and then through the economic fallout that follows the destruction.
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That now includes State Farm’s exit from the new commercial and homeowners insurance markets in California. The unwillingness to take the boring but effective path of fire prevention, coupled with California’s already high prices offsetting the effects of inflation, has left California residents with one less choice in the insurance marketplace. Who’s to say if other companies follow suit?
This is not the first self-inflicted environmental problem facing California, given its repeated man-made droughts. But it is further proof that California Democrats cannot or will not be responsible stewards of the state. California residents take a backseat to the absurd demands of environmental groups, and Californians, as usual, continue to pay the (higher) price.
