Story perspectives

California Insurance Crisis: Wildfires, Premium Hikes, and Fossil Fuels

10/20/2025

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Summary

Story summary

California's insurance industry faces scrutiny as wildfires drive premium hikes and policy cancellations.
Insurers attribute rising risk to climate change while investing billions in fossil fuels.
Consumer advocates urge divestment from non-renewable energy to reduce wildfire risk and policy costs, noting State Farm has reduced fossil-fuel investments.
Former insurance commissioner Dave Jones urges stronger action to shift away from fossil fuels, suggesting divestment could spur broader shifts toward renewables.

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Story summary

California's insurance industry faces scrutiny as wildfires drive premium hikes and policy cancellations.
Insurers attribute rising risk to climate change while investing billions in fossil fuels.
Consumer advocates urge divestment from non-renewable energy to reduce wildfire risk and policy costs, noting State Farm has reduced fossil-fuel investments.
Former insurance commissioner Dave Jones urges stronger action to shift away from fossil fuels, suggesting divestment could spur broader shifts toward renewables.