California weighs sweeping reforms in insurance regulations, amid mounting wildfire risk ...Middle East

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The raging wildfires that have become a mainstay in certain California communities are not only devastating family dwellings — they are also impeding Californians from procuring the insurance necessary to protect these homes in the future. Aiming to both quell soaring prices and bring back firms that have left the Golden State, regulators are proposing sweeping reforms that they believe could revive a competitive insurance market. While experts agree that the status quo may no longer be sustainable, opinions remain divided on the merits of the proposed changes — which some fear could drive up prices further. "The situation is hurting consumers badly," Amy Bach, executive director o

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