California has become a national example of how climate change can disrupt property-insurance markets by intensifying disasters and scaring away insurers.
Recent developments suggest its market is strengthening, but gingerly.
Farmers Insurance said Friday week that it plans to write more policies in California, including in the wildfire-vulnerable areas that many large insurers have fled.
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“This marks a major turnaround from the past 30 years, when insurance companies often increased rates but reduced coverage after major wildfire disasters,” said California Insurance Commissioner Ricardo Lara in a statement.
